of price adjustment, informational frictions, etc. - are an important factor for nominal price rigidity at the micro … consistent with New Keynesian macroeconomic models in which firms have heterogeneous price stickiness …

This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline … the stations respond asymmetrically to changes in the spot market price. Hence, asymmetric pricing is not a feature of the …

stickiness of prices. Second, the probability of price changes is not constant over time - all product categories have declining … hazard functions. Third, the range of price changes is very wide, with some very large price cuts and price rises; but … despite this, a significant number of price changes are very small. Fourth, there appears to be little link between the …

. Sticky prices and strategic complementarities in price setting generate sluggish responses, and they are necessary to match … newly available international micro price data. Using trade flow data, I test models capable of replicating these trade … price data. Even with significant pricing frictions, the models still imply a trade response to exchange rates stronger than …

considerable heterogeneity between sectors and price changes occur less frequently when measured by the average for individual … products. Second, the probability of price changes is not constant over time: prices are most likely to change one, four and … twelve months after they were previously set. Third, the distribution of price changes is wide, although a significant number …

considerable heterogeneity between sectors and price changes occur less frequently when measured by the average for individual … products. Second, the probability of price changes is not constant over time: prices are most likely to change one, four and … twelve months after they were previously set. Third, the distribution of price changes is wide, although a significant number …

are excluded. Second, the probability of price changes is not constant over time. Third, goods prices change more … frequently than services prices. Fourth, the distribution of price changes is wide, although a significant number of changes are …

This paper evaluates the predictions of different price setting theories using a new dataset constructed from a large … on both price realizations and expectations. Aggregating the price data we find clear evidence in favor of state …-dependence; for periods of relatively high and volatile inflation not only the size of price changes (intensive margin) but also the …