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 …

How rigid are producer prices? A longstanding conventional wisdom among economists
holds that producer prices are more rigid than, and so play less of an allocative role than do …

The flattening of the Phillips curve observed in the industrial countries has been attributed to
globalisation, while the traditional explanation centres on monetary policy credibility. The …

We provide new evidence on price rigidity at the product level based on microdata
underlying the Swiss consumer price index from 2008 to 2020. We find that the frequency of …

In this study we investigate the duration of consumer price spells and price change patterns
for Turkey by employing a comprehensive micro price data covering around 6,000 items …

This paper documents some of the main features of price‐setting behaviour by retail outlets
in L esotho over the period M arch 2002 to D ecember 2009. These features include the …

This paper shows that the standard Calvo model clearly fails to account for the distribution of
price durations found in micro data. We propose a novel price setting model that fully …

Using only aggregate data as observables, we estimate multisector sticky-price models for
twelve countries, allowing the degree of price stickiness to vary across sectors. We use a …

This paper shows that the standard Calvo model clearly fails to account for the distribution of
price durations found in micro data. We propose a novel price setting model that fully …

Using semi-aggregate data on price and a methodology based on dummy indicator, we
assess price rigidity in Ghana and discuss its implications for monetary policy. Price features …