Inflation and price setting in a natural experiment

Price Setting and Inflation Persistence in Austria

Price Setting and Inflation Persistence in Austria

OeNB Workshops Price Setting and Inflation Persistence in Austria

Price Setting during Low and High Inflation: Evidence from Mexico

This paper provides new insight into the relationship between inflation and consumer price setting by examining a large data set of Mexican consumer prices covering episodes of both low and high inflation, as well as the transition between the two. Overall, the economy shares several characteristics with time-dependent models when the annual inflation rate is low (below 10-15%), while displayin...

The Behavior of Price Dispersion in a Natural Experiment

We study the behavior of prices in Poland following the big-bang market reforms in 1990, using a large, disaggregated data set. Price differences within and across regions are initially large but fall rapidly in the early stages of transition. For most goods, the rapid decline ends within a year. Dispersion is low for goods which are expensive, are bought frequently, constitute a large portion ...