Levy, Daniel; Dutta, Shantanu; Bergen, Mark - In: Journal of Money, Credit and Banking 34 (2002) 1, pp. 197-220
We 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. We find that prices exhibit more rigidity in response to the second shock than the first. The...
