3 lessons from hyperinflationary periods

Arbeitspapier

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply - because constant price changes can ultimately be very, very expensive. And they should consider how to communicate those price changes to customers. Providing clarity and predictability can increase consumer trust and help firms in the long run.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 2022-08

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Price Level; Inflation; Deflation ; Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices ; Marketing and Advertising: General
• Thema: Inflation ; Hyperinflation ; Pricing ; Price Setting ; Price Adjustment ; Menu Cost ; Cost of Price Adjustment ; Implicit Contract ; Long-Term Relationship

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bergen, Mark ; Bergen, Thomas ; Levy, Daniel C. ; Semenov, Rose
• Ereignis: Veröffentlichung
• (wer): Bar-Ilan University, Department of Economics
• (wo): Ramat-Gan
• (wann): 2022

Weitere Informationen

• Handle: http://hdl.handle.net/10419/279448
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ