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Prices Rise Faster than They Fall

✍ Scribed by Peltzman, Sam

Book ID
120661919
Publisher
University of Chicago Press
Year
2000
Tongue
English
Weight
347 KB
Volume
108
Category
Article
ISSN
0022-3808

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Why do prices rise faster than they fall
Why do prices rise faster than they fall? With an application to mortgage rates
✍ Linda A. Toolsema; Jan P. A. M. Jacobs πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 170 KB

## Abstract Empirical literature shows that prices respond asymmetrically to cost changes in many markets, rising faster than falling. An example is the mortgage rate, which follows an increase in capital market rates faster than a decrease. We examine various theoretical explanations for asymmetri