digital goods and services in the consumer price index (CPI) basket. Then we discuss indirect channels related to automation … and cost reduction as well as competition and markup. We also review the rise of e-commerce and how it can affect price …

Macroeconomists have traditionally ignored the behavior of temporary price markdowns ("sales") by retailers. Although … sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered … out. We challenge this view. First, using the 1996 - 2012 data set of the U.K. CPI monthly price quotes, we document a …

Standard theories of price adjustment are based on the problem of a single-product firm, and therefore they may not be … well suited to analyze price dynamics in the economy with multiproduct firms. To guide new theory, we study a unique … retail store synchronizes its regular price changes around occasional "peak" days when, once or twice a month, it reprices …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are … European Central Bank's Inflation Persistence Network. -- Price Rigidity ; Price Flexibility ; Cost of Price Adjustment ; Menu … Cost ; Managerial and Customer Cost of Price Adjustment ; Pricing ; Price System ; Price Setting ; New Keynesian Economics …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …