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Sticky prices : new evidence from retail catalogs

Author: A K Kashyap; National Bureau of Economic Research.
Publisher: Cambridge, MA : National Bureau of Economic Research, [1994]
Series: Working paper series (National Bureau of Economic Research), working paper no. 4855.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: This paper presents new results on the size, frequency, and synchronization of price changes for twelve selected retail goods over the past 35 years. Three basic facts about the data are uncovered: first, nominal prices are typically fixed for more than one year although the time between changes is very irregular; second, prices change more often during periods of high overall inflation; third, when prices  Read more...
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Details

Genre/Form: History
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: A K Kashyap; National Bureau of Economic Research.
OCLC Number: 70048563
Notes: "September 1994."
Description: 1 online resource (35 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), working paper no. 4855.
Responsibility: Anil K. Kashyap.

Abstract:

Abstract: This paper presents new results on the size, frequency, and synchronization of price changes for twelve selected retail goods over the past 35 years. Three basic facts about the data are uncovered: first, nominal prices are typically fixed for more than one year although the time between changes is very irregular; second, prices change more often during periods of high overall inflation; third, when prices do change, the sizes of the changes are widely dispersed. Both 'large' and 'small' changes occur for the same item and the sizes of these changes do not closely depend on overall inflation.

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