This article reviews the empirical evidence on firm heterogeneity in international trade. A first
wave of empirical findings from microdata on plants and firms proposed challenges for …

We review recent evidence on price rigidity from the macroeconomics literature and discuss
how this evidence is used to inform macroeconomic modeling. Sluggish price adjustment is …

We show that most US food, drugstore, and mass-merchandise chains charge nearly
uniform prices across stores, despite wide variation in consumer demographics and …

We survey the recent empirical and theoretical developments in the literature on the relation
between prices and exchange rates. After updating some of the major findings in the …

How large are the intra-national trade costs that separate consumers in remote locations of
developing countries from global markets? What do those barriers imply for the intra …

This article examines how product innovations led to inflation inequality in the United States
from 2004 to 2015. Using scanner data from the retail sector, I find that annual inflation for …

This article analyzes the heterogeneous reaction of exporters to real exchange rate changes
using a very rich French firm-level data set with destination-specific export values and …

We document a causal response of local retail prices to changes in local house prices, with
elasticities of 15–20 percent across housing cycles. These price responses are largest in zip …

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 subnational grocery store …

We examine the global operations of multi-product firms. We present a flexible
heterogeneous-firm trade model with either limited or strong scope for quality differentiation …