Sticky Prices: New Evidence from Retail Catalogs
Sticky Prices: New Evidence from Retail Catalogs
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粘性价格：来自零售目录的新证据
DOI：
10.3386/w4855
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发表时间：
1994
期刊：
影响因子：
--
通讯作者：
A. Kashyap
中科院分区：
文献类型：
--
作者：
A. Kashyap
本文介绍了过去 35 年 12 种选定零售商品价格变化的规模、频率和同步性的新结果。数据揭示了三个基本事实：首先，名义价格通常固定一年以上，尽管变化之间的时间非常不规律；其次，在整体通胀较高的时期，价格变化更加频繁；第三，当价格确实发生变化时，变化的幅度也很分散。同一项目会发生“大”和“小”变化，并且这些变化的大小并不密切取决于总体通胀。
This paper presents new results on the size, frequency, and synchronization of price changes for twelve selected retail goods over the past 35 years. Three basic facts about the data are uncovered: first, nominal prices are typically fixed for more than one year although the time between changes is very irregular; second, prices change more often during periods of high overall inflation; third, when prices do change, the sizes of the changes are widely dispersed. Both 'large' and 'small' changes occur for the same item and the sizes of these changes do not closely depend on overall inflation.