Borraz, Fernando; Zipitría, Leandro - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2012)
We analyze the behaviour of prices in Uruguay using a unique database of 30 millions daily prices. We find that prices change about 5 times a year with no seasonal patter. Prices changes are highly synchronised and concentrated on the first day of the month. Our paper is the first to present...