We review recent evidence on price rigidity from the macroeconomics literature and discuss
how this evidence is used to inform macroeconomic modeling. Sluggish price adjustment is …

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 …

I use daily prices collected from online retailers in five countries to study the impact of
measurement bias on three common price stickiness statistics. Relative to previous results, I …

In this article, we analyze how inflation affects firms' price-setting behavior. For a class of
menu cost models, we derive several predictions about how price-setting changes with …

A series of discontinuities in the allocation mechanism of federal transfers to municipal
governments in Brazil allow us to identify the causal effect of public spending on local labour …

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 …

This paper estimates the macroeconomic effects of social transfer payments to individuals
for a sample of 23 developed and Latin American countries. The findings show that the …

We study how within-store price variation changes with inflation, and whether households
exploit it to attenuate the inflation burden. We use micro price data for food products sold by …

Price surveys became popular after the seminal work of Blinder (Am Econ Rev 81 (2): 89–
100, 1991) exploring US firms' price-setting practices, which filled some blanks left by the …

This paper studies the welfare consequences of exogenous variations in trend inflation in a
New Keynesian economy. Consumption and leisure respond asymmetrically to a rise and a …