How Frequent Are Small Price Changes?
نویسندگان
چکیده
منابع مشابه
How Frequent Are Small Price Changes?
Recent empirical work suggests that small price changes are relatively common. These findings have been used to evaluate competing theories of nominal price rigidities. In this paper we use micro data from the consumer price index and a scanner data set from a national supermarket chain to reassess the importance of small price changes. We argue that the vast majority of these changes are due t...
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ژورنال
عنوان ژورنال: American Economic Journal: Macroeconomics
سال: 2014
ISSN: 1945-7707,1945-7715
DOI: 10.1257/mac.6.2.137