The Behavior of Prices and Inflation
An Empirical Analysis of Disaggregat Price Data
Datos Bibliográficos
| ID | 10180902 |
|---|---|
| Autores | Saul Lach, Daniel Tsiddon |
| Año | 1992 |
| Volumen | 100 |
| Número | 2 |
| Páginas | 349-389 |
| Fecha de publicación | 1992-04-01 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Journal of Political Economy (JOURNAL) |
| Identificadores de la revista | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Editorial | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261821 |
| OpenAlex | W2031614381 |
| Idioma | EN |
| Citas recibidas | 23 |
| Referencias citadas | 7 |
This paper analyzes the effects of inflation on the dispersion of prices, and other aspects of price behavior, using disaggregated data on prices of foodstuffs in Israel during 1978-84. The authors find that expected inflation has a stronger effect on intramarket price variability than unexpected inflation. They show that even in times of high inflation price quotations are not trivially short and that price changes are not synchronized across firms. These facts, taken together, confirm that there is some staggering in the setting of prices. The authors find that the distribution of real prices is not uniform as many menu cost-based models assume or conclude. Copyright 1992 by University of Chicago Press
Dispersion (optics · Distribution (mathematics · Econometrics · Economics · Inflation (cosmology · Inflation rate · Mid price · Monetary economics · Monetary policy · Price dispersion · Price level · Producer price index · Real interest rate · Relative price · Economics of Agriculture and Food Markets · Market Dynamics and Volatility · Mathematics · Monetary Policy and Economic Impact
Relative Price Variability and Inflation in Europe
Five Facts about Prices
Price Stickiness
The Effects of General Inflation and Idiosyncratic Cost Shocks on Within-Commodity Price Dispersion
Existence and Persistence of Price Dispersion
Inflation and Asymmetric Price Adjustment
Price Setting and Market Structure
Lumpy Price Adjustments
What do Thirteen Million Price Records have to Say about Consumer Price Rigidity
Costs, Demand, and Producer Price Changes
Immigration and Prices
Menu Costs and Phillips Curves
Intercountry Differences in the Relationship between Relative Price Variability and Average Prices
Large Devaluations and the Real Exchange Rate
Price Changes in the Euro Area and the United States
The impact of inflation on budgetary discipline
Fruit and Vegetable Prices and Perceptions in Mercalaspalmas Wholesale Market
Price perception and confirmation bias in the context of a VAT increase
Price synchronization in retailing
Regional integration
Evidence on the Functional Relationship between Relative Price Variability and Inflation with Implications for Monetary Policy
Retail pricing format and rigidity of regular prices
Economic Theory and the World of Practice
Testing for Autocorrelation in Dynamic Linear Models
Econometric Issues in the Analysis of Regressions with Generated Regressors
Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation
Testing Against General Autoregressive and Moving Average Error Models when the Regressors Include Lagged Dependent Variables
The Behavior of Industrial Prices
Relative Price Variability and Inflation
Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule
| Obras citantes distintas | 23 |
|---|---|
| Citas por año | 0,85 |
| Intervalo de citas | 1999 - 2023 (25) |
| Velocidad de citación | historical |
| Altamente citado | No |
| Tipos de cita | Neutras: 22 |