search query: @freeterm HETEROGENEITY / total: 23
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| Author: | Levy, D. Dutta, S. Bergen, M. |
| Title: | Heterogeneity in price rigidity: evidence from a case study using microlevel data |
| Journal: | Journal of Money, Credit and Banking
2002 : FEB, VOL. 34:1, p. 197-220 |
| Index terms: | ECONOMIC SHOCKS |
| Freeterms: | HETEROGENEITY PRICE RIGIDITY |
| Language: | eng |
| Abstract: | The authors combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and spot prices for twelve products. These time series contain two exogenous cost shocks. The authors find that prices exhibit more rigidity in response to the second shock than the first. The second data set consists of all publicly available information about the shocks. Content analysis of these information reveals that the first shock is larger and more persistent, and the market has more information on it than the second. |
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