Price adjustments and inflation - evidence from Norwegian consumer price data 1975-2004
AbstractI document price adjustments in both high and low inflation years from 14 milllion monthly price observations of 1,133 goods and services. The variation in the frequency of price changes explains all the variation in the inflation rate. On average, prices increase more often when inflation is high, and decrease more often when inflation is low. There is also substantial variation both in the duration and size of price changes within and between items.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Norges Bank in its series Working Paper with number 2009/11.
Length: 36 pages
Date of creation: 24 Jun 2009
Date of revision:
Consumer prices; price rigidity;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-03 (All new papers)
- NEP-CBA-2009-07-03 (Central Banking)
- NEP-MAC-2009-07-03 (Macroeconomics)
- NEP-MON-2009-07-03 (Monetary Economics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Cavallo, Alberto & Rigobon, Roberto, 2011.
"The Distribution of the Size of Price Changes,"
2011-011, Banco Central de Reserva del Perú.
- Nao Sudo & Kozo Ueda & Kota Watanabe, 2013.
"Micro price dynamics during Japan's lost decades,"
Globalization and Monetary Policy Institute Working Paper
159, Federal Reserve Bank of Dallas.
- Carstensen, Kai & Schenkelberg, Heike, 2011. "Time- or State-Dependence? An Analysis of Inflation Dynamics using German Business Survey Data," Discussion Papers in Economics 12170, University of Munich, Department of Economics.
- Fernando Alvarez & Francesco Lippi, 2013.
"Price setting with menu cost for multi-product firms,"
EIEF Working Papers Series
1302, Einaudi Institute for Economics and Finance (EIEF), revised Feb 2013.
- Alvarez, Fernando E & Lippi, Francesco, 2012. "Price setting with menu cost for multi-product firms," CEPR Discussion Papers 8863, C.E.P.R. Discussion Papers.
- Fernando E. Alvarez & Francesco Lippi, 2012. "Price Setting with menu cost for Multi-product firms," NBER Working Papers 17923, National Bureau of Economic Research, Inc.
- Klenow, Peter J. & Malin, Benjamin A., 2010.
"Microeconomic Evidence on Price-Setting,"
Handbook of Monetary Economics,
in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 6, pages 231-284
- Dirk Van den Poel & Benjamin Verhelst, 2011.
"Price Rigidity in Europe and the US: A Comparative Analysis Using Scanner Data,"
2011 Meeting Papers
524, Society for Economic Dynamics.
- B. Verhelst & D. Van Den Poel, 2010. "Price rigidity in Europe and the US: A comparative analysis using scanner data," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 10/684, Ghent University, Faculty of Economics and Business Administration.
- Ross D. Hickey & David S. Jacks, 2011.
"Nominal rigidities and retail price dispersion in Canada over the twentieth century,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 44(3), pages 749-780, August.
- Ross D. Hickey & David S. Jacks, 2010. "Nominal Rigidities and Retail Price Dispersion in Canada over the Twentieth Century," NBER Working Papers 16098, National Bureau of Economic Research, Inc.
- Berardi, N. & Gautier, E. & Le Bihan, H., 2013. "More Facts about Prices: France Before and During the Great Recession," Working papers 425, Banque de France.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.