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dc.contributor.authorHarris, Mark
dc.contributor.authorLe Bihan, H.
dc.contributor.authorSevestre, P.
dc.date.accessioned2020-03-19T07:57:29Z
dc.date.available2020-03-19T07:57:29Z
dc.date.issued2019
dc.identifier.citationHarris, M.N. and Le Bihan, H. and Sevestre, P. 2019. Identifying Price Reviews by Firms: An Econometric Approach. Journal of Money, Credit and Banking.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/78299
dc.identifier.doi10.1111/jmcb.12675
dc.description.abstract

© 2019 The Ohio State University Price reviews are a potentially costly activity. A significant fraction of unchanged prices may stem from firms not reviewing prices, rather than from obstacles to changing prices per se, such as menu costs. In this paper, we disentangle these two causes of price stickiness by estimating an inflated ordered probit model on a panel of French manufacturing firms. The results point to a low frequency of price reviews, suggestive of the relevance of information costs as a determinant of the observed price stickiness. In view of the “inattentive producers” literature, pointing that the source of price rigidity matters, this is suggestive of a large real effect of monetary policy.

dc.languageEnglish
dc.publisherWILEY
dc.subjectSocial Sciences
dc.subjectBusiness, Finance
dc.subjectEconomics
dc.subjectBusiness & Economics
dc.subjectC23
dc.subjectC25
dc.subjectE31
dc.subjectprice stickiness
dc.subjectprice reviews
dc.subjectprice changes
dc.subjectinflated ordered probit model
dc.subjectCOSTS
dc.subjectADJUSTMENT
dc.subjectBEHAVIOR
dc.subjectMODELS
dc.titleIdentifying Price Reviews by Firms: An Econometric Approach
dc.typeJournal Article
dcterms.source.issn0022-2879
dcterms.source.titleJournal of Money, Credit and Banking
dc.date.updated2020-03-19T07:57:28Z
curtin.departmentSchool of Economics, Finance and Property
curtin.accessStatusIn process
curtin.facultyFaculty of Business and Law
dcterms.source.eissn1538-4616


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