The last decade has seen a burst of micro price studies. Many studies analyze data
underlying national CPIs and PPIs. Others focus on more granular subnational grocery store …

In closed or open economy models with complete markets, targeting core inflation enables
monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze …

This paper surveys the current state of global empirical research on price setting behaviour
at the firm level to evaluate the adequacy of pricing models used in the macro literature. To …

A sizeable literature examines exchange rate pass-through to disaggregated import prices,
but few micro-studies focus on consumer prices. This article explores exchange rate pass …

We investigate whether the use of statistical learning techniques and big data can enhance
the accuracy of inflation forecasts. We make use of a large dataset for the disaggregated …

We develop a two-sector, heterogeneous-agent model with incomplete financial markets to
study the distributional effects and aggregate welfare implications of alternative monetary …

In this paper a dynamic stochastic general equilibrium (DSGE) model is specified for the
South African economy. Nominal and real frictions help to make the model estimable, and is …

This paper documents some of the main features of price‐setting behaviour by retail outlets
in L esotho over the period M arch 2002 to D ecember 2009. These features include the …

In models with complete markets, targeting core inflation enables monetary policy to
maximize welfare by replicating the flexible price equilibrium. We develop a two-sector new …

This article reports the findings of a study of two unique microdata sets, which are the unit
level basis of South Africa's measured Consumer Price Index and Producer Price Index …