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Replication data for: How Frequent Are Small Price Changes?

Version
1
Resource Type
Dataset
Creator
  • Eichenbaum, Martin
  • Jaimovich, Nir
  • Rebelo, Sergio
  • Smith, Josephine
Publication Date
2014-04-01
Description
  • Abstract

    Recent empirical work suggests that small price changes are relatively common. This evidence has been used to criticize classic menu-cost models. In this paper, we use scanner data from a national supermarket chain and micro data from the Consumer Price Index to reassess the importance of small price changes. We argue that the vast majority of these changes are due to measurement error. We conclude that the evidence on the prevalence of small price changes is much too weak to be used as a litmus test of nominal rigidity models.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mac.6.2.137 (Text)
Publications
  • Eichenbaum, Martin, Nir Jaimovich, Sergio Rebelo, and Josephine Smith. “How Frequent Are Small Price Changes?” American Economic Journal: Macroeconomics 6, no. 2 (April 2014): 137–55. https://doi.org/10.1257/mac.6.2.137.
    • ID: 10.1257/mac.6.2.137 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Eichenbaum, Martin; Jaimovich, Nir; Rebelo, Sergio; Smith, Josephine (2014): Replication data for: How Frequent Are Small Price Changes?. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114292V1