competing products, the price of individual products tends to fall over the product lifetime. This holds true for more than 90 …% of the expenditure items underlying the U.K. consumer price index and has important normative implications. Constructing … a sticky price model featuring a product life cycle and rich amounts of heterogeneity, we explain how the optimal in …

We show that a sticky price model featuring firms' heterogeneity in terms of productivity and strategic … complementarities in price setting delivers a strictly positive optimal inflation in steady state, differently from standard New …. Heterogeneity in productivity and strategic complementarities in price setting, the key ingredients of our model, imply that also …

competing products, the price of individual products tends to fall over the product lifetime. This holds true for more than 90 …% of the expenditure items underlying the U.K. consumer price index and has important normative implications. Constructing … a sticky price model featuring a product life cycle and rich amounts of heterogeneity, we explain how the optimal …

competing products, the price of individual products tends to fall over the product lifetime. This holds true for more than 90 …% of the expenditure items underlying the U.K. consumer price index and has important normative implications. Constructing … a sticky price model featuring a product life cycle and rich amounts of heterogeneity, we explain how the optimal in …

competing products, the price of individual products tends to fall over the product lifetime. This holds true for more than 90 …% of the expenditure items underlying the U.K. consumer price index and has important normative implications. Constructing … a sticky price model featuring a product life cycle and rich amounts of heterogeneity, we explain how the optimal in …

competing products, the price of individual products tends to fall over the product lifetime. This holds true for more than 90 …% of the expenditure items underlying the U.K. consumer price index and has important normative implications. Constructing … a sticky price model featuring a product life cycle and rich amounts of heterogeneity, we explain how the optimal …

regression methods, we find that on average prices decline as items age. This life cycle price change is often attributed to …

Sticky price models featuring heterogeneous firms and systematic firm-level productivity trends deliver radically …

We present a sticky-price model incorporating heterogeneous Firms and systematic firm-level productivity trends … canonical sticky price models featuring homogenous Firms: (1) the optimal steady-state inflation rate generically differs from …

We present a sticky-price model incorporating heterogeneous firms and systematic firm-level productivity trends … canonical sticky price models featuring homogenous firms: (1) the optimal steady-state inflation rate generically differs from …