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 …

In workhorse macroeconomic models, price dispersion is a central determinant of welfare,
the cost of business cycles, optimal inflation, and the tradeoff between inflation and output …

Macroeconomists traditionally ignore temporary price markdowns (“sales”) under the
assumption that they are unrelated to aggregate phenomena. We revisit this view. First, we …

We assess the role of cognitive convenience in the popularity and rigidity of 0-ending prices
in convenience settings. Studies show that 0-ending prices are common at convenience …

Macroeconomists have traditionally ignored the behavior of temporary price markdowns ("
sales") by retailers. Although sales are common in the micro price data, they are assumed to …

From a macroeconomic perspective, price rigidity is often perceived to be an important
source of price dispersion, with significant implications for the dynamic properties of …

We study the rigidity of regular and sale prices, and how it is affected by pricing formats (ie
pricing strategies). We use data from three large Canadian stores with different pricing …

This paper uses a rich weekly price database from the largest supermarket in Uruguay to
analyze the relationship among prices, micro-level sales, and business cycle conditions. On …

The main contribution of this work consist on studying sales behaviour and their relationship
with local market conditions like labor market indicators through a time series principal …

Temporary sales, defined as large price drops that quickly rebound, are a puzzling
phenomenon from a macroeconomic perspective. We argue that temporary sales play an …