This paper provides evidence on price rigidity at the product- and firm-level in Norway. A strong within …-firm synchronization is found supporting the theory of economies of scope in menu costs. The industry synchronization effects are found to … be larger than the benefit of responding to their competitors' price changes. These findings have potentially important …

This paper uses a rich weekly price database from the largest supermarket in Uruguay to analyze the relationship among … alleviate much of the price rigidity in economic recessions. We also studied sales behavior through a principal component … sector’s variance in price dynamics. These components are significantly correlated with variations in unemployment and …

competitive sectors—separately parameterized to match the same microdata on price flexibility—the oligopoly economy features a …

This paper evaluates the informativeness of eight micro pricing moments for monetary non-neutrality. Frequency of price …

SDP, monopolistically competitive firms are allowed to endogenously change the timing of price adjustments. I show that … this endogenous timing of price adjustment alters the tradeoff and the cost of inflation variation faced by the monetary … approximate price stability rule. In addition to a standard first-order approximation to the equilibrium solution, this paper also …

This paper develops and estimates a multi-sector sticky-price model with heterogeneous households and incomplete … with sectoral heterogeneity in price stickiness, is even stronger. As a consequence, the nominal rigidities required to … inflation, is reduced relative to conventional sticky-price models with a representative household, which makes the model more …

We develop a New Keynesian (NK) model with endogenous price setting frequency. Whether a firm updates its price in a … update the price when expected benefits outweigh expected cost and then resets the price optimally. As markups are … quantitative analysis shows that contrary to the standard NK model, the assumed price setting behaviour: is consistent with micro …

combine these data with two “generated” regular price series and study their rigidity. Regular-price rigidity varies with … store-formats because different format stores define regular-prices differently. Correspondingly, the meaning of price …

. It is shown that when information is not perfect, menu costs combined with the aggregate price level serving as an … endogenous public signal generate rigidity in price setting even when there is no real rigidity. Specifically, firms reveal their … information to other firms by changing their prices. Because the cost of changing price is borne by a firm but the benefit from …

paper analyzes monetary policy shocks in a DSGE model with firm-level heterogeneity. The model is calibrated to retail price …