Solórzano, Diego; Arango-Castillo, Lenin - In: Latin American journal of central banking : LAJCB 6 (2025) 2, pp. 1-41
Using daily retail prices gathered through web scraping in Mexico, we analyse time- and state-dependent price setting rules as determinants of the duration of price spells, or the probability of price changes. Through the lens of a duration model, we find some evidence of state-dependent...