Inflation an Asymmetric Price Adjustment
This paper uses a unique micro data set to test for the presence of price asymmetries at the firm level. We find that firm pricing is indeed asymmetric, as Tobin (1972) suggested. Moreover, there is strong evidence to support Ball and Mankiw's (1994) suggestion that firm price asymmetry is dependent on inflation.
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|Date of creation:||1996|
|Contact details of provider:|| Postal: Purdue University, Center for International Business Education and Research, Krannert Graduate School of Management, 1310 Krannert Building West Lafayette, Indiana 47907-1310.|
Web page: http://www.krannert.purdue.edu/
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Other versions of this item:
- D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- Mikael Carlsson & Oskar Nordstrom Skans, 2012.
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American Economic Review,
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- Carlsson, Mikael & Nordström Skans, Oskar, 2009. "Evaluating microfoundations for aggregate price regidities: evidence from matched firm-level data on product prices and unit labor cost," Working Paper Series 1083, European Central Bank.
- Carlsson, Mikael & Nordström Skans, Oskar, 2011. "Evaluating microfoundations for aggregate price rigidities: evidence from matched firm-level data on product prices and unit labor cost," Working Paper Series 2011:8, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Carlsson, Mikael & Nordström Skans, Oskar, 2009. "Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm- Level Data on Product Prices and Unit Labor Cost," Working Paper Series 231, Sveriges Riksbank (Central Bank of Sweden).
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- repec:esx:essedp:547 is not listed on IDEAS
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- Ariun-Erdene Bayarjargal, 2016. "Economic growth and income inequality: asymmetric response of top income shares to growth volatility," Departmental Working Papers 2016-09, The Australian National University, Arndt-Corden Department of Economics.
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- Carlsson, Mikael, 2014. "Selection Effects in Producer-Price Setting," Working Paper Series 2014:6, Uppsala University, Department of Economics.
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