Bems, Rudolfs; di Giovanni, Julian - C.E.P.R. Discussion Papers - 2014
unique Latvian scanner-level dataset for food and beverages, covering the 2008-09 financial crisis, to study (i) relative …. First, imports contracted by 26%, with expenditure switching accounting for one third of the fall, while the relative price … of foreign goods viz. the food CPI increased by 4.4% during the crisis. Second, the majority of the switching took place …