Recent monetary search and Calvo-type models predict that the relationship between inflation and price dispersion is U …-shaped, implying an optimal rate of inflation above zero. Moreover, monetary search models emphasize a critical dependence of the real … effects of inflation on sellers’ market power, whereas Calvotype models suggest that the degree of price rigidity …

Recent monetary search and Calvo-type models predict that the relationship between inflation and price dispersion is U …-shaped, implying an optimal rate of inflation above zero. Moreover, monetary search models emphasize a critical dependence of the real … effects of inflation on sellers' market power, whereas Calvotype models suggest that the degree of price rigidity …

Monetary search theory implies that the real effects of inflation via its impact on price dispersion depend on the … level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which results in an optimal inflation rate above zero. For highly …

Monetary search theory implies that the real effects of inflation via its impact on price dispersion depend on the … level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which results in an optimal inflation rate above zero. For highly …

Monetary search theory implies that the real effects of inflation via its impact on price dispersion depend on the … level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …–price dispersion nexus is predicted to be asymmetrically V-shaped which results in an optimal inflation rate above zero. For highly …

In this paper, we investigate the impact of market structure on the relationship between inflation and price dispersion …. We first propose a new empirical model of the relationship between inflation and dispersion with firmer theoretical …

In this paper, we investigate the impact of market structure on the relationship between inflation and price dispersion …. We first propose a new empirical model of the relationship between inflation and dispersion with firmer theoretical …

inflation and price dispersion. In particular, our data set includes price observations from three distinct store types: bakkals … sellers seem to have very little market power. Moreover, we find that several of the basic inflation-dispersion channels …

to re-examine the relationship between price dispersion and inflation. Although existing evidence is mixed, we find …-specific inflation on the other. We also find evidence that dispersion is initially decreasing in anticipated aggregate inflation but is …

Monetary search theory implies that the real effects of inflation via its impact on price dispersion depend on the … level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which results in an optimal inflation rate above zero. For highly …