Add to ORKGInfrequent price changes at the firm level are now well documented in the literature. However, a number of issues remain partly unaddressed. This paper contributes to the literature on price stickiness by investigating the lags of price adjustments to different types of shocks. We find that adjustment lags to cost and demand shocks vary with firm characteristics, namely the firm’s cost structure, the type of pricing policy, and the type of good. We also document that firms react asymmetrically to demand and cost shocks, as well as to positive and negative shocks, and that the degree and direction of the asymmetry varies across firms
Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce de...
We consider two competing theories that provide potentially important explanations of price rigidity...
We study economies where price stickiness arises due to the simultaneous presence of both menu and i...
We study the speed of price reactions to positive and negative demand and cost shocks. Our findings ...
Infrequent price changes at the firm level are now well documented in the literature. However, a num...
This paper offers new insights on the price setting behaviour of German retail firms using a novel d...
Are prices sticky? This simple question has been at the cornerstone of heated discussions in macroec...
This paper analyzes the price setting behavior of firms using data from a large panel of quarterly f...
We show that after monetary policy announcements, the conditional volatility of stock market returns...
There is much evidence that price-adjustment frequencies vary widely across industries. This paper s...
Asymmetric price adjustment Empirical evidence suggests that prices are sticky with respect to cost ...
We show that after monetary policy announcements, the conditional volatility of stock market returns...
Price stickiness is often taken for granted in modern macroeconomic models, without adequate knowled...
There is ample evidence that the frequency of price adjustments differs substantially across sectors...
Please do not distribute without authors ’ consent In this paper, we consider the pricing behavior o...
Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce de...
We consider two competing theories that provide potentially important explanations of price rigidity...
We study economies where price stickiness arises due to the simultaneous presence of both menu and i...
We study the speed of price reactions to positive and negative demand and cost shocks. Our findings ...
Infrequent price changes at the firm level are now well documented in the literature. However, a num...
This paper offers new insights on the price setting behaviour of German retail firms using a novel d...
Are prices sticky? This simple question has been at the cornerstone of heated discussions in macroec...
This paper analyzes the price setting behavior of firms using data from a large panel of quarterly f...
We show that after monetary policy announcements, the conditional volatility of stock market returns...
There is much evidence that price-adjustment frequencies vary widely across industries. This paper s...
Asymmetric price adjustment Empirical evidence suggests that prices are sticky with respect to cost ...
We show that after monetary policy announcements, the conditional volatility of stock market returns...
Price stickiness is often taken for granted in modern macroeconomic models, without adequate knowled...
There is ample evidence that the frequency of price adjustments differs substantially across sectors...
Please do not distribute without authors ’ consent In this paper, we consider the pricing behavior o...
Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce de...
We consider two competing theories that provide potentially important explanations of price rigidity...
We study economies where price stickiness arises due to the simultaneous presence of both menu and i...