PRICE STICKINESS: EMPIRICAL EVIDENCE OF THE MENU COST CHANNEL
PRICE STICKINESS: EMPIRICAL EVIDENCE OF THE MENU COST CHANNEL
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Publisher
Cambridge: The MIT Press
Journal title
Language
English
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Publisher
Cambridge: The MIT Press
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Scope and Contents
Contents
A leading explanation in the economic literature is that monetary policy has real effects on the economy because firms incur a cost when changing prices. Using a unique database of cost and retail price changes, we find that variation in menu costs results in up to 13.3% fewer price increases. We confirm that these effects are allocative and have a...
Alternative Titles
Full title
PRICE STICKINESS: EMPIRICAL EVIDENCE OF THE MENU COST CHANNEL
Authors, Artists and Contributors
Author / Creator
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Record Identifier
TN_cdi_proquest_miscellaneous_1758938825
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_1758938825
Other Identifiers
ISSN
0034-6535
E-ISSN
1530-9142
DOI
10.1162/REST_a_00507
