메뉴 건너뛰기




Volumn 123, Issue 4, 2008, Pages 1415-1464

Five facts about prices: A reevaluation of menu cost models

Author keywords

[No Author keywords available]

Indexed keywords


EID: 49449094876     PISSN: 00335533     EISSN: 15314650     Source Type: Journal    
DOI: 10.1162/qjec.2008.123.4.1415     Document Type: Article
Times cited : (931)

References (65)
  • 1
    • 0001180740 scopus 로고    scopus 로고
    • The Dynamics of Markups and Inventories in Retail Firms
    • Aguirregabiria, Victor, "The Dynamics of Markups and Inventories in Retail Firms," Review of Economic Studies, 66 (1999), 275-308.
    • (1999) Review of Economic Studies , vol.66 , pp. 275-308
    • Aguirregabiria, V.1
  • 3
    • 33645533158 scopus 로고    scopus 로고
    • Álvarez, Luis J., Emmanuel Dhyne, Marco M. Hoeberichts, Claudia Kwapil, Harvé Le Bihan, Patrick Lunnemann, Fernando Martins, Roberto Sabbatini, Harald Stahl, Philip Vermeulen, and Joukp Vilmunen, Sticky Prices in the Euro Area: A Summary of New Micro Evidence, Journal of the European Economic Association, 4 (2006), 575-584.
    • Álvarez, Luis J., Emmanuel Dhyne, Marco M. Hoeberichts, Claudia Kwapil, Harvé Le Bihan, Patrick Lunnemann, Fernando Martins, Roberto Sabbatini, Harald Stahl, Philip Vermeulen, and Joukp Vilmunen, "Sticky Prices in the Euro Area: A Summary of New Micro Evidence," Journal of the European Economic Association, 4 (2006), 575-584.
  • 4
    • 84981567383 scopus 로고
    • Computing Robust Standard Errors for Within-Groups Estimators
    • Arellano, Manvel, "Computing Robust Standard Errors for Within-Groups Estimators," Oxford Bulletin of Economics and Statistics, 49 (1987), 431-434.
    • (1987) Oxford Bulletin of Economics and Statistics , vol.49 , pp. 431-434
    • Arellano, M.1
  • 5
    • 3242704329 scopus 로고    scopus 로고
    • Price Rigidity and Price Dispersion: Evidence from Micro Data
    • Baharad, Eyal, and Benjamin Eden, "Price Rigidity and Price Dispersion: Evidence from Micro Data," Review of Economic Dynamics, 7 (2004), 618-641.
    • (2004) Review of Economic Dynamics , vol.7 , pp. 618-641
    • Baharad, E.1    Eden, B.2
  • 6
    • 0002694295 scopus 로고
    • A Theory of Monopolistic Price Adjustment
    • Barro, Robert J., "A Theory of Monopolistic Price Adjustment," Review of Economic Studies, 39 (1972), 17-26.
    • (1972) Review of Economic Studies , vol.39 , pp. 17-26
    • Barro, R.J.1
  • 7
    • 0001388828 scopus 로고
    • Long Term Contracting, Sticky Prices and Monetary Policy
    • _, "Long Term Contracting, Sticky Prices and Monetary Policy," Journal of Monetary Economics, 3 (1977), 305-316.
    • (1977) Journal of Monetary Economics , vol.3 , pp. 305-316
    • Barro, R.J.1
  • 9
    • 0029190847 scopus 로고
    • Automobile Prices in Market Equilibrium
    • Berry, Steven, James Levinsohn, and Ariel Pakes, "Automobile Prices in Market Equilibrium," Econometrica, 63 (1995), 841-890.
    • (1995) Econometrica , vol.63 , pp. 841-890
    • Berry, S.1    Levinsohn, J.2    Pakes, A.3
  • 10
    • 4544260608 scopus 로고    scopus 로고
    • Some Evidence on the Importance of Sticky Prices
    • Bils, Mark, and Peter J. Klenow, "Some Evidence on the Importance of Sticky Prices." Journal of Political Economy, 112 (2004), 947-985.
    • (2004) Journal of Political Economy , vol.112 , pp. 947-985
    • Bils, M.1    Klenow, P.J.2
  • 12
    • 33646346104 scopus 로고    scopus 로고
    • Globalization and the Gains from Variety
    • Broda, Christian, and David E. Weinstein, "Globalization and the Gains from Variety." Quarterly Journal of Economics, 121 (2006), 541-585.
    • (2006) Quarterly Journal of Economics , vol.121 , pp. 541-585
    • Broda, C.1    Weinstein, D.E.2
  • 13
    • 48749143178 scopus 로고
    • Staggered Prices in a Utility-Maximizing Framework
    • Calvo, Guillermo A., "Staggered Prices in a Utility-Maximizing Framework," Journal of Monetary Economics, 12(1983), 383-398.
    • (1983) Journal of Monetary Economics , vol.12 , pp. 383-398
    • Calvo, G.A.1
  • 15
    • 0000726694 scopus 로고
    • Menu Costs and the Neutrality of Money
    • Caplin, Andrew, and Daniel Spulber, "Menu Costs and the Neutrality of Money," Quarterly Journal of Economics, 102 (1987), 703-725.
    • (1987) Quarterly Journal of Economics , vol.102 , pp. 703-725
    • Caplin, A.1    Spulber, D.2
  • 16
    • 2142851722 scopus 로고
    • Contracts, Price Rigidity and Market Equilibrium
    • Carlton, Dennis W., "Contracts, Price Rigidity and Market Equilibrium," Journal of Political Economy, 87 (1979), 1034-1062.
    • (1979) Journal of Political Economy , vol.87 , pp. 1034-1062
    • Carlton, D.W.1
  • 19
    • 46149138983 scopus 로고
    • The Frequency of Price Adjustment: A Study of the Newsstand Prices of Magazines
    • Cecchetti, Stephen G., "The Frequency of Price Adjustment: A Study of the Newsstand Prices of Magazines,"Journal of Econometrics, 31 (1986), 255-274.
    • (1986) Journal of Econometrics , vol.31 , pp. 255-274
    • Cecchetti, S.G.1
  • 22
    • 34748924221 scopus 로고    scopus 로고
    • Time or State Dependent Price Setting Rules? Evidence from Micro Data
    • Dias, Daniel A., Carlos Robalo Marques, and Joao M. Santo Silva, "Time or State Dependent Price Setting Rules? Evidence from Micro Data," European Economic Review, 51 (2007), 1589-1613.
    • (2007) European Economic Review , vol.51 , pp. 1589-1613
    • Dias, D.A.1    Robalo Marques, C.2    Santo Silva, J.M.3
  • 23
    • 0040322024 scopus 로고    scopus 로고
    • State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output
    • Dotsey, Michael, Robert King, and Alexander Wolman, "State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output," Quarterly Journal of Economics, 114 (1999), 655-690.
    • (1999) Quarterly Journal of Economics , vol.114 , pp. 655-690
    • Dotsey, M.1    King, R.2    Wolman, A.3
  • 26
    • 34547231348 scopus 로고    scopus 로고
    • Heterogeneity in Consumer Price Stickiness: A Microeconometric Investigation
    • Fougére, Denis, Hervé Le Bihan, and Patric Sevestre, "Heterogeneity in Consumer Price Stickiness: A Microeconometric Investigation," Journal of Business and Economic Statistics, 25 (2005), 247-264.
    • (2005) Journal of Business and Economic Statistics , vol.25 , pp. 247-264
    • Fougére, D.1    Bihan, H.L.2    Sevestre, P.3
  • 31
    • 64149095986 scopus 로고
    • Econometric Analysis of Longitudinal Data
    • Z. Grilliches and M. D. Intrilligator, eds, Amsterdam: Elsevier Science Publishers
    • Heckman, James J., and Burton Singer, "Econometric Analysis of Longitudinal Data," in Handbook of Econometrics, Vol. III, Z. Grilliches and M. D. Intrilligator, eds. (Amsterdam: Elsevier Science Publishers, 1986, pp. 1689-1763).
    • (1986) Handbook of Econometrics , vol.3 , pp. 1689-1763
    • Heckman, J.J.1    Singer, B.2
  • 32
    • 33746599451 scopus 로고    scopus 로고
    • Menu Costs at Work: Restaurant Prices and the Introduction of the Euro
    • Hobijn, Bart, Federico Ravenna, and Andrea Tambalotti, "Menu Costs at Work: Restaurant Prices and the Introduction of the Euro," Quarterly Journal of Economics, 121 (2006), 1103-1131.
    • (2006) Quarterly Journal of Economics , vol.121 , pp. 1103-1131
    • Hobijn, B.1    Ravenna, F.2    Tambalotti, A.3
  • 33
    • 2442704125 scopus 로고    scopus 로고
    • Patterns of Retail Price Variation
    • Hosken, Daniel, and David Reiffen, "Patterns of Retail Price Variation," RAND Journal of Economics, 35 (2004), 128-146.
    • (2004) RAND Journal of Economics , vol.35 , pp. 128-146
    • Hosken, D.1    Reiffen, D.2
  • 34
    • 35948932243 scopus 로고    scopus 로고
    • _, Pricing Behavior of Multiproduct Retailers, B.E. Journal of Theoretical Economics: Topics in Theoretical Economics, 7 (2007), Article 39.
    • _, "Pricing Behavior of Multiproduct Retailers," B.E. Journal of Theoretical Economics: Topics in Theoretical Economics, 7 (2007), Article 39.
  • 36
    • 36349035507 scopus 로고    scopus 로고
    • Yesterday's Bad Times Are Today's Good Old Times: Retail Price Changes Are More Frequent Today Than in 1890s
    • Kackmeister, Alan, "Yesterday's Bad Times Are Today's Good Old Times: Retail Price Changes Are More Frequent Today Than in 1890s," Journal of Money, Credit and Banking, 39 (2007), 1987-2020.
    • (2007) Journal of Money, Credit and Banking , vol.39 , pp. 1987-2020
    • Kackmeister, A.1
  • 37
    • 27144499387 scopus 로고
    • Sticky Prices: New Evidence from Retail Catalogs
    • Kashyap, Anil K., "Sticky Prices: New Evidence from Retail Catalogs," Quarterly Journal of Economics, 110 (1995), 245-274.
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 245-274
    • Kashyap, A.K.1
  • 39
    • 0000708409 scopus 로고
    • Economic Duration Data and Hazard Functions
    • Kiefer, Nicholas M., "Economic Duration Data and Hazard Functions," Journal of Economic Literature, 26 (1988), 646-679.
    • (1988) Journal of Economic Literature , vol.26 , pp. 646-679
    • Kiefer, N.M.1
  • 41
    • 49449113956 scopus 로고    scopus 로고
    • State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?
    • _, "State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?" Quarterly Journal of Economics, 123 (2008), 863-904.
    • (2008) Quarterly Journal of Economics , vol.123 , pp. 863-904
    • Klenow, P.J.1    Kryvtsov, O.2
  • 42
    • 17544367632 scopus 로고    scopus 로고
    • Inflation and Price Setting in a Natural Experiment
    • Konieczny, Jerzy D., and Andrzej Skrzypacz, "Inflation and Price Setting in a Natural Experiment," Journal of Monetary Economics, 52 (2005), 621-632.
    • (2005) Journal of Monetary Economics , vol.52 , pp. 621-632
    • Konieczny, J.D.1    Skrzypacz, A.2
  • 43
    • 84934452796 scopus 로고
    • The Behavior of Prices and Inflation: An Empirical Analysis of Disaggregated Price Data
    • Lach, Saul, and Daniel Tsiddon, "The Behavior of Prices and Inflation: An Empirical Analysis of Disaggregated Price Data," Journal of Political Economy, 100 (1992), 349-389.
    • (1992) Journal of Political Economy , vol.100 , pp. 349-389
    • Lach, S.1    Tsiddon, D.2
  • 44
    • 0001044203 scopus 로고
    • Econometric Methods for the Duration of Unemployment
    • Lancaster, Tony, "Econometric Methods for the Duration of Unemployment," Econometrica, 47 (1979), 939-956.
    • (1979) Econometrica , vol.47 , pp. 939-956
    • Lancaster, T.1
  • 45
    • 0001852588 scopus 로고
    • Retail Pricing and Clearance Sales
    • Lazear, Edward P., "Retail Pricing and Clearance Sales," American Economic Review, 76 (1986), 14-32.
    • (1986) American Economic Review , vol.76 , pp. 14-32
    • Lazear, E.P.1
  • 46
    • 0036867964 scopus 로고    scopus 로고
    • Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
    • Mankiw, N. Gregory, and Ricardo Reis, "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," Quarterly Journal of Economics, 117 (2002), 1295-1328.
    • (2002) Quarterly Journal of Economics , vol.117 , pp. 1295-1328
    • Mankiw, N.G.1    Reis, R.2
  • 48
    • 0001659778 scopus 로고
    • Unemployment Insurance and Unemployment Spells
    • _, "Unemployment Insurance and Unemployment Spells," Econometrica, 58 (1990), 757-782.
    • (1990) Econometrica , vol.58 , pp. 757-782
    • Meyer, B.D.1
  • 50
    • 0038803262 scopus 로고    scopus 로고
    • Addressing the Quality Change Issue in the Consumer Price Index
    • Moulton, Brent R., and Karin E. Moses, "Addressing the Quality Change Issue in the Consumer Price Index," Brookings Papers on Economic Activity, (1997), 305-349.
    • (1997) Brookings Papers on Economic Activity , pp. 305-349
    • Moulton, B.R.1    Moses, K.E.2
  • 52
    • 0000306101 scopus 로고    scopus 로고
    • Measuring Market Power in the Ready-to-Eat Cereal Industry
    • Nevo, Aviv, "Measuring Market Power in the Ready-to-Eat Cereal Industry," Econometrica, 69 (2001), 307-342.
    • (2001) Econometrica , vol.69 , pp. 307-342
    • Nevo, A.1
  • 53
    • 34547255501 scopus 로고    scopus 로고
    • The Timing of Monetary Policy Shocks
    • Olivei, Giovanni, and Silvana Tenreyro, "The Timing of Monetary Policy Shocks," American Economic Review, 97 (2007), 636-663.
    • (2007) American Economic Review , vol.97 , pp. 636-663
    • Olivei, G.1    Tenreyro, S.2
  • 54
    • 0001485546 scopus 로고
    • Demand Uncertainty and Sales: A Study of Fashion and Markdown Pricing
    • Pashigian, B. Peter, "Demand Uncertainty and Sales: A Study of Fashion and Markdown Pricing," American Economic Review, 78 (1988), 936-953.
    • (1988) American Economic Review , vol.78 , pp. 936-953
    • Pashigian, B.P.1
  • 55
    • 0141908240 scopus 로고    scopus 로고
    • Retail Sales: A Study of Pricing Behavior in Supermarkets
    • Pesendorfer, Martin, "Retail Sales: A Study of Pricing Behavior in Supermarkets," Journal of Business, 75 (2002), 33-66.
    • (2002) Journal of Business , vol.75 , pp. 33-66
    • Pesendorfer, M.1
  • 56
    • 84959816242 scopus 로고
    • Inflation and Costs of Price Adjustment
    • Sheshinski, Eytan, and Yoram Weiss, "Inflation and Costs of Price Adjustment," Review of Economic Studies, 44 (1977), 287-303.
    • (1977) Review of Economic Studies , vol.44 , pp. 287-303
    • Sheshinski, E.1    Weiss, Y.2
  • 57
  • 59
    • 38249044049 scopus 로고
    • Finite State Markov-Chain Approximation to Univariate and Vector Autoregressions
    • Tauchen, George, "Finite State Markov-Chain Approximation to Univariate and Vector Autoregressions," Economics Letters, 20 (1986), 177-181.
    • (1986) Economics Letters , vol.20 , pp. 177-181
    • Tauchen, G.1
  • 60
    • 0003053945 scopus 로고
    • Aggregate Dynamics and Staggered Contracts
    • Taylor, John B., Aggregate Dynamics and Staggered Contracts," Journal of Political Economy, 88 (1980), 1-23.
    • (1980) Journal of Political Economy , vol.88 , pp. 1-23
    • Taylor, J.B.1
  • 61
    • 0003959257 scopus 로고    scopus 로고
    • U.S. Department of Labor, Washington, DC: U.S. Government Printing Office
    • U.S. Department of Labor, BLS Handbook of Methods (Washington, DC: U.S. Government Printing Office, 1997).
    • (1997) BLS Handbook of Methods


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.