In this paper, we show that a simple model of smoothly state-dependent pricing generates a distribution of price … assumption: price adjustment is more likely when it is more valuable. The constant probability model (Calvo 1983) and the fixed … dependence. The fixed menu cost model is inconsistent with the evidence both because it never generates small price adjustments …

the steady-state distribution of price adjustments in microdata ; realism calls for firm-specific shocks. Computing a …

oil-dependent economy. 3) This thesis adds to the literature on the interplay between monetary policy and oil price shocks … ongoing discussion whether the monetary policy amplifies or dampens the recessionary effects of oil price shocks by pointing …

Several studies have shown evidence of price convergence between countries in the European Union (EU) since the … the coefficient of variation. The results show little evidence of price convergence for non-residential construction for …

behavior of the monthly price received of the swine of the State of the Paraná in the period of 06/1994 the 08/2007. For this …

which takes into accountchanges in export and domestic demand and market clearing price. It optimizes the supply of …

seasonal behavior patterns,regarding peanut price variation, in the period from January 1996 to December 2005. It isnoticed … that seasonal factors, related to harvest and inter-harvest time, in fact, influence thebehavior and the price variation in … and the price dispersionbetween both markets, the primary one (the producer market) and the secondary one (thewholesale …

traditional suite of price-based commodity payments, that is, marketing loan benefits and counter-cyclical payments. We minimize …