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Price rigidity and price dispersion: evidence from micro data

✍ Scribed by Eyal Baharad; Benjamin Eden


Book ID
113873353
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
488 KB
Volume
7
Category
Article
ISSN
1096-0929

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## Abstract We analyse micro‐level consumer price data in Luxembourg with a particular view on price change reversals and wage indexation. The median duration is roughly 8 months. On an average, price decreases are as large as price increases. With the exception of services, individual prices do no