Some Evidence on the Importance of Sticky Prices
Dados Bibliográficos
| ID | 10180293 |
|---|---|
| Autores | Mark Bils (National Bureau of Economic Research), Peter J Klenow (National Bureau of Economic Research) |
| Ano | 2004 |
| Volume | 112 |
| Fascículo | 5 |
| Páginas | 947-985 |
| Data de publicação | 2004-09-30 |
| Peer Reviewed | Sim |
| Open Access | Não |
| Tipo | ARTICLE |
| Periódico | Journal of Political Economy (JOURNAL) |
| Identificadores do periódico | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Editora | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/422559 |
| OpenAlex | W2124091152 |
| Idioma | EN |
| Citações recebidas | 74 |
| Referências citadas | 19 |
We examine the frequency of price changes for 350 categories of goods and services covering about 70 percent of consumer spending, on the basis of unpublished data from the Bureau of Labor Statistics for 1995–97. In comparison with previous studies, we find much more frequent price changes, with half of prices lasting less than 4.3 months. Even excluding temporary price cuts (sales), we find that half of prices last 5.5 months or less. We also find that the frequency of price changes differs dramatically across goods. Compared to the predictions of popular sticky‐price models, actual inflation rates are far more volatile and transient for sticky‐price goods
Econometrics · Economics · Economy · Goods and services · Incomes policy · Inflation (cosmology · Inflation rate · Macroeconomics · Microeconomics · Mid price · Monetary economics · Monetary policy · Price level · Price setting · Price shock · Producer price index · Relative price · Economic theories and models · Economics of Agriculture and Food Markets · Monetary Policy and Economic Impact
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| Obras citantes distintas | 74 |
|---|---|
| Citações por ano | 3,52 |
| Intervalo de citações | 2005 - 2025 (21) |
| Velocidade de citação | recent |
| Altamente citado | Não |
| Tipos de citação | Neutras: 74 |