Menu costs, multiproduct firms, and aggregate fluctuations

V Midrigan - Econometrica, 2011 - Wiley Online Library
Golosov and Lucas recently argued that a menu‐cost model, when made consistent with
salient features of the microdata, predicts approximate monetary neutrality. I argue here that …

Scraped data and sticky prices

A Cavallo - Review of Economics and Statistics, 2018 - direct.mit.edu
I use daily prices collected from online retailers in five countries to study the impact of
measurement bias on three common price stickiness statistics. Relative to previous results, I …

[图书][B] Review of marketing research

NK Malhotra - 2004 - books.google.com
The Review of Marketing Research annual series provides current, state-of-the-art articles
by the marketing field's leading researchers and academicians. In contrast to other research …

Price setting with menu cost for multiproduct firms

F Alvarez, F Lippi - Econometrica, 2014 - Wiley Online Library
We model the decisions of a multiproduct firm that faces a fixed “menu” cost: once it is paid,
the firm can adjust the price of all its products. We characterize analytically the steady state …

Menu costs, posted prices, and multiproduct retailers

S Dutta, M Bergen, D Levy, R Venable - Journal of Money, Credit, and …, 1999 - JSTOR
We use a unique store-level data set to directly measure menu costs and to study the price
change process at a large US drugstore chain. We compare and contrast the magnitude of …

Staggering and synchronization in price-setting: Evidence from multipro-duct firms

S Lach, D Tsiddon - 1994 - nber.org
Most of the theoretical literature on price-setting behavior deals with the special case in
which only a single price is changed. At the retail-store level, at least, where dozens of …

How frequent are small price changes?

M Eichenbaum, N Jaimovich, S Rebelo… - American Economic …, 2014 - aeaweb.org
Recent empirical work suggests that small price changes are relatively common. This
evidence has been used to criticize classic menu-cost models. In this paper, we use scanner …

Multiproduct firms and price-setting: Theory and evidence from US producer prices

S Bhattarai, R Schoenle - Journal of Monetary Economics, 2014 - Elsevier
Using micro-data on US producer prices, we establish three new facts about price setting by
multi-product firms. First, firms selling more goods adjust prices more frequently but on …

What do micro price data tell us on the validity of the New Keynesian Phillips curve?

LJ Álvarez - Economics, 2008 - degruyter.com
This paper surveys the current state of global empirical research on price setting behaviour
at the firm level to evaluate the adequacy of pricing models used in the macro literature. To …

Menu costs, aggregate fluctuations, and large shocks

P Karadi, A Reiff - American Economic Journal: Macroeconomics, 2019 - aeaweb.org
We document that the aggregate price level responds flexibly and asymmetrically to large
positive and negative value-added tax changes. We present a price-setting model with …