Klenow, Peter J.; Kryvtsov, Oleksiy - Stanford Institute for Economic Policy Research … - 2007
In the 1988-2004 micro data collected by the U.S. Bureau of Labor Statistics for the CPI, price changes are frequent (every 4-7 months, depending on the treatment of sale prices) and large in absolute value (on the order of 10%). The size and timing of price changes varies considerably for a...
