Arbeitspapier
Menu Costs and Inflation Asymmetries Some Micro Data Evidence
The paper explains the observed asymmetric inflation response to value-added tax (VAT) changes in Hungary by calibrating a standard sectoral menu cost model on a new micro-level CPI data set. The model is able to reproduce important moments of the data, and finds that the asymmetry can be explained by the interaction of menu costs, (sectoral) trend inflation and forward-looking firms, thereby it provides direct evidence to the argument of Ball and Mankiw (1994).
- ISBN
-
978-963-9796-03-4
- Sprache
-
Englisch
- Erschienen in
-
Series: IEHAS Discussion Papers ; No. MT-DP - 2007/6
- Klassifikation
-
Wirtschaft
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
- Thema
-
Menu Cost
Inflation Asymmetry
Sectoral Heterogeneity
Value-Added Tax
Anpassungskosten
Schock
Inflation
Preismanagement
Preisrigidität
Umsatzsteuer
Theorie
Schätzung
Ungarn
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Karádi, Péter
Reiff, Àdám
- Ereignis
-
Veröffentlichung
- (wer)
-
Hungarian Academy of Sciences, Institute of Economics
- (wo)
-
Budapest
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Karádi, Péter
- Reiff, Àdám
- Hungarian Academy of Sciences, Institute of Economics
Entstanden
- 2007
Ähnliche Objekte (12)
FDI, Trade Costs and Regional Asymmetries
Inflation asymmetry, menu costs and aggregation bias - A further case for state dependent pricing
Do Menu Costs Make Prices Sticky?
Menu Costs, Posted Prices, and Multiproduct Retailers
Menu costs, multi-product firms, and aggregate fluctuations
Price-Setting Behavior with Menu Costs – Experimental Evidence
Wage Flexibility, Menu Costs, and Price Level Stickiness
Price-Setting Behavior with Menu Costs – Experimental Evidence
Menu costs, multi-product firms, and aggregate fluctuations
The welfare costs of inflation
The welfare costs of inflation
Imperfect Exchange Rate Passthrough: Strategic Pricing and Menu Costs
FDI, Trade Costs and Regional Asymmetries
Inflation asymmetry, menu costs and aggregation bias - A further case for state dependent pricing
Do Menu Costs Make Prices Sticky?
Menu Costs, Posted Prices, and Multiproduct Retailers
Menu costs, multi-product firms, and aggregate fluctuations
Price-Setting Behavior with Menu Costs – Experimental Evidence
Wage Flexibility, Menu Costs, and Price Level Stickiness
Price-Setting Behavior with Menu Costs – Experimental Evidence
Menu costs, multi-product firms, and aggregate fluctuations
The welfare costs of inflation
The welfare costs of inflation
Imperfect Exchange Rate Passthrough: Strategic Pricing and Menu Costs
FDI, Trade Costs and Regional Asymmetries
Inflation asymmetry, menu costs and aggregation bias - A further case for state dependent pricing
Do Menu Costs Make Prices Sticky?
Menu Costs, Posted Prices, and Multiproduct Retailers
Menu costs, multi-product firms, and aggregate fluctuations
Price-Setting Behavior with Menu Costs – Experimental Evidence
Wage Flexibility, Menu Costs, and Price Level Stickiness
Price-Setting Behavior with Menu Costs – Experimental Evidence
Menu costs, multi-product firms, and aggregate fluctuations
The welfare costs of inflation
The welfare costs of inflation