Sticky Prices: New Evidence from Retail Catalogs / Anil K. Kashyap.

Format:

Book

Author/Creator:

Kashyap, Anil K.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4855.

NBER working paper series no. w4855

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Sticky Prices

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1994.

Summary:

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.

Notes:

Print version record

September 1994.