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Using Japanese scanner data of transaction prices and sales for more than 1,600 commodity groups from 1988 to 2008, we find a statistically significant negative correlation between the frequency of price changes and the degree of market concentration. We also find that structural factors of a...
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inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random cross … the theory predicts. Keywords: inflation, deflation, menu costs, Hong Kong, Japan. …
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