Low inflation, pass-through, and the pricing power of firms
نویسندگان
چکیده
منابع مشابه
Low in#ation, pass-through, and the pricing power of "rms
Recently there has been a signi"cant decline in the degree to which "rms &pass through' changes in costs to prices, a decline that is frequently characterized as a reduction in the &pricing power' of "rms. The decline appears to be associated with the decline in in#ation in many countries. The decline has important implications for monetary policy because it a!ects both forecasts of in#ation an...
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A large body of empirical work documents that prices of traded goods change by a smaller proportion than real exchange rates between the trading countries (incomplete pass-through). I present a Ricardian model of trade and international price-setting with heterogeneous firms, Bertrand competition and incomplete information. The model implies that: 1) firm-level passthrough is incomplete and a U...
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A large body of empirical work documents that prices of traded goods change by a smaller proportion than real exchange rates between the trading countries (incomplete pass-through). The wedge between exchange rates and relative prices also varies across countries (pricing-tomarket). I present a model of trade and international price-setting with heterogeneous firms, where firms’ strategic behav...
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15 صفحه اولIKEA: Product, Pricing, and Pass-Through
The multinational retailer IKEA represents a natural laboratory for studying international pricing and product cycle behavior. With 314 stores in 38 countries, IKEA is a major international presence in retail housewares and furnishings. IKEA is unique among homegoods retailers in its publication of annual catalog of prices guaranteed to hold for 1 year. This paper examines international pricing...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2000
ISSN: 0014-2921
DOI: 10.1016/s0014-2921(00)00037-4