conclude that the first type of asymmetry can be attributed to the differences in adjustment bands and that heterogeneity … softens this effect. The second type of asymmetry is the result of pricing behavior, thus of agent heterogeneity itself. …This paper presents a model of asymmetric (S,s) pricing. We investigate whether the asymmetry on micro level is carried …

level can result in asymmetry on the macro level and what is the role of heterogeneity of agents in the process. It looks at … extent the first type of asymmetry can be attributed to the asymmetry of adjustment bands and that heterogeneity softens the … effect, but the second type of asymmetry is the result of (S,s) pricing behaviour of firms, thus of heterogeneity itself. …

conclude that the first type of asymmetry can be attributed to the differences in adjustment bands and that heterogeneity … softens this effect. The second type of asymmetry is the result of pricing behavior, thus of agent heterogeneity itself. …This paper presents a model of asymmetric (S,s) pricing. We investigate whether the asymmetry on micro level is carried …

, while the second kind of asymmetry is a result of firm heterogeneity, and asymmetry of (S,s) bands does not contribute to it. … booms and recessions. The conclusion is that first type of asymmetry can be attributed to the asymmetry in adjustment bands …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … and measures of asymmetry in the relative price distribution, idiosyncratic shocks explain about 25 to 30 percent of the … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five …

first, leverage parameter shows expected sign and is significant for almost all countries suggesting strong asymmetry in …

. Fluctuations in the shape of the cross-sectional density of price deviations contribute to short-run in-sample inflation. Asymmetry …