Why are some prices stickier than others? Firm-data evidence on price adjustment lags (original) (raw)
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Articles | Winter 2009 PRICE ADJUSTMENT LAGS: EVIDENCE FROM FIRM-LEVEL DATA*
2014
Price stickiness has a central role in macroeconomics and, besides a vast theoretical literature, it has generated numerous empirical studies trying to explain its origins and gauge its importance. A consensual finding of this work is that prices at the micro level may remain unchanged for periods that can last
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