.png){kind=icon}
返回
Price selection
.png){kind=icon}
PRE
AI
DOI：10.1016/j.jmoneco.2021.07.003.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
Price selection is a simple, model-free measure of selection in price setting. It exploits co movement between inflation and the level from which adjusting prices departed. Prices that increase from lower-than-usual levels tend to push inflation above average. Using micro data for the United Kingdom, the United States, and Canada, we find strong price selection at disaggregate levels. Price selection is stronger for goods with less frequent price changes or with larger average price changes. Aggregate price selection is considerably weaker. A multisector sticky-price model accounts well for this evidence and demonstrates a monotone relationship between price selection and monetary non-neutrality. (c) 2021 Elsevier B.V. All rights reserved.
Keyword:
Consumer price index
Inflation
Prices
Selection effect
Money non-neutrality
期刊
IF:
4.1
论文数:
3.2K
被引数:
1.1W
机构
引用论文
The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications.png)
AMERICAN ECONOMIC REVIEW
OAAI
AMERICAN ECONOMIC REVIEWIF11.6
OAAI分享收藏The Real Effects of Monetary Shocks in Sticky Price Models: A Sufficient Statistic ApproachAMERICAN ECONOMIC REVIEWOAAI
AMERICAN ECONOMIC REVIEWIF11.6
OAAI分享收藏分享收藏
查看更多内容