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Replication data for: The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications

Version
V0
Resource Type
Dataset
Creator
  • Coibion, Olivier
  • Gorodnichenko, Yuriy
  • Hong, Gee Hee
Publication Date
2015-03-01
Description
  • Abstract

    We study the cyclical properties of sales, regular price changes, and average prices paid by consumers ("effective" prices) using data on prices and quantities sold for numerous retailers across many US metropolitan areas. Inflation in the effective prices paid by consumers declines significantly with higher unemployment while little change occurs in the inflation rate of prices posted by retailers. This difference reflects the reallocation of household expenditures across retailers, a feature of the data which we document and quantify, rather than sales. We propose a simple model with household store-switching and assess its implications for business cycles and policymakers. (JEL D12, E31, E32, L25, L81)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20121546 (Text)
Publications
  • Coibion, Olivier, Yuriy Gorodnichenko, and Gee Hee Hong. “The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications.” American Economic Review 105, no. 3 (March 2015): 993–1029. https://doi.org/10.1257/aer.20121546.
    • ID: 10.1257/aer.20121546 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Coibion, Olivier; Gorodnichenko, Yuriy; Hong, Gee Hee (2015): Replication data for: The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112898