Title of article
Micro andmacropricedynamicsindailydata
Author/Authors
Naohito Abe، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2010
Pages
13
From page
716
To page
728
Abstract
UsingJapanesedailyscannerdatawiththreebillionobservationsofpricesand
quantitiesfrom1988to2005,thispaperinvestigatesmicroandmacropricedynamics.
Thesedatarevealthatthefrequencyofpricechangesismuchlargerthanthatfoundin
standardmonthlydatasets.Thepricechangefrequencyexhibitsacleartrendandstrong
across-storeheterogeneity,whichcastsdoubtsonstandardNewKeynesianassump-
tions.TheConsumerPriceIndex(CPI)basedonscannerdataappearstotracktheofficial
CPI relativelywell,exceptforaperiodinwhichthelatterarguablyhadanupwardbias
Keywords
Price stickinessScanner dataCPI
Journal title
Journal of Monetary Economics
Serial Year
2010
Journal title
Journal of Monetary Economics
Record number
846424
Link To Document