| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15826 |
| 来源ID | Working Paper 15826 |
| Microeconomic Evidence on Price-Setting | |
| Peter J. Klenow; Benjamin A. Malin | |
| 发表日期 | 2010-03-18 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | The last decade has seen a burst of micro price studies. Many studies analyze data underlying national CPIs and PPIs. Others focus on more granular sub-national grocery store data. We review these studies with an eye toward the role of price setting in business cycles. We summarize with ten stylized facts: Prices change at least once a year, with temporary price discounts and product turnover often playing an important role. After excluding many short-lived prices, prices change closer to once a year. The frequency of price changes differs widely across goods, however, with more cyclical goods exhibiting greater price flexibility. The timing of price changes is little synchronized across sellers. The hazard (and size) of price changes does not increase with the age of the price. The cross-sectional distribution of price changes is thick-tailed, but contains many small price changes too. Finally, strong linkages exist between price changes and wage changes. |
| 主题 | Macroeconomics ; Business Cycles ; Monetary Policy |
| URL | https://www.nber.org/papers/w15826 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573500 |
| 推荐引用方式 GB/T 7714 | Peter J. Klenow,Benjamin A. Malin. Microeconomic Evidence on Price-Setting. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15826.pdf（696KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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