Frequency of Price Adjustment and Pass-Through*
نویسندگان
چکیده
منابع مشابه
An Empirical Analysis of Exchange Rate Pass-Through to Iran's Saffron Export Price
Exchange rate pass-through to the price of traded goods is one of the important issues in economy of developing countries such as Iran and affects the efficiency of the exchange rate policies to improve the trade balance. The main aim of this paper is to empirically analyze exchange rate pass-through to Iran's saffron export price using panel data for twenty destination markets during 2000–2011...
متن کاملMarkov-switching analysis of exchange rate pass-through: Sugar Price in Iran
Due to its inherent role in ensuring food security and as one of the productive sectors of the economy, the agricultural sector has a priority in receiving preferential currency. Having a preferred currency has caused the price of this commodity in the market to be multi-valued. On the other hand, the allocation of billions of dollars at a price lower than the free market price of foreign excha...
متن کاملSearch, Costly Price Adjustment and the Frequency of Price Changes Theory and Evidence
We establish a new empirical finding that the intensity of search for the best price affects the frequency of nominal price changes. This relationship holds in very different economies and for various proxies for search intensity. We show that it can be derived from a simple model of monopolistically competitive firms that face menu costs of changing nominal prices and heterogeneous consumers w...
متن کاملThe Exchange Rate Asymmetric Pass-Through to Import Price Index: The Case Study of Iran
The main objective of this paper is to investigate the asymmetric effects of exchangerate on Iranian import price index using quarterly time series data over the period 1990- 2011. For this purpose, positive and negative shocks of the exchange rate have been separated from each other using dummy variables and the effects of the size of the exchange rate shocks by determining a threshold.The emp...
متن کاملDecision Stages and Asymmetries in Regular Retail Price Pass-Through
We study how a major retailer passes wholesale price changes onto its regular retail prices using an unusually detailed dataset that allows us to study discrete price change events. The data reveals that the pass-through decision has two components: the firm decides whether to change its regular retail prices, and then conditional on this decision, it selects the magnitude of the price change. ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Quarterly Journal of Economics
سال: 2010
ISSN: 0033-5533,1531-4650
DOI: 10.1162/qjec.2010.125.2.675