Sudo, Nao; Ueda, Kozo; Watanabe, Kota - Crawford School of Public Policy, Australian National … - 2013
We study micro price dynamics and their macroeconomic implications using daily scanner data from 1988 to 2013. We provide five facts. First, posted prices in Japan are ten times as flexible as those in the U.S. scanner data. Second, regular prices are almost as flexible as those in the U.S. and...
