| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6719 |
| DP6719 Clash of Career and Family: Fertility Decisions after Job Displacement | |
| Rudolf Winter-Ebmer; Andrea Weber; Emilia del Bono | |
| 发表日期 | 2008-02-22 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We assess the importance of nominal rigidities using a new weekly scanner data set from a major U.S. retailer, that contains information on prices, quantities, and costs for over 1,000 stores. We find that nominal rigidities are important but do not take the form of sticky prices. Instead, nominal rigidities take the form of inertia in reference prices and costs, defined as the most common prices and costs within a given quarter. Weekly prices and costs fluctuate around reference values which tend to remain constant over extended periods of time. Reference prices are particularly inertial and have an average duration of roughly one year. So, nominal rigidities are present in our data, even though weekly prices change very frequently, roughly once every two weeks. We argue that the retailer chooses the frequency with which it resets references prices so as to keep the realized markups within plus/minus twenty percent of the desired markup over reference cost. |
| 主题 | International Macroeconomics |
| 关键词 | Markups Nominal cost inertia Nominal price inertia |
| URL | https://cepr.org/publications/dp6719 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535557 |
| 推荐引用方式 GB/T 7714 | Rudolf Winter-Ebmer,Andrea Weber,Emilia del Bono. DP6719 Clash of Career and Family: Fertility Decisions after Job Displacement. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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