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  1. Price setting on the two sides of the atlantic
    evidence from supermarket-scanner data
    Autor*in: Karadi, Peter; Amann, Jurgen; Bachiller, Javier Sánchez; Seiler, Pascal; Wursten, Jesse
    Erschienen: 28 April 2023
    Verlag:  Centre for Economic Policy Research, London

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    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    LZ 161
    Fernleihe:
    keine Fernleihe

    Standort:
    Universitätsbibliothek Mannheim
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP18126
    Schlagworte: food inflation; Covid-19; State-dependent pricing; Generalized hazard function; Duration hazard function; US and euro-area comparison
    Umfang: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  2. Price setting on the two sides of the Atlantic
    evidence from supermarket-scanner data
    Autor*in: Karadi, Peter; Amann, Jurgen; Sánchez Bachiller, Javier; Seiler, Pascal; Wursten, Jesse
    Erschienen: [2023]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    We compare supermarket price setting in the US and the euro area and assess its impact on food inflation. We introduce a novel scanner dataset of Germany, the Netherlands, France, and Italy (EA4) and contrast it with an equivalent dataset from the... mehr

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534
    Fernleihe:
    keine Fernleihe

     

    We compare supermarket price setting in the US and the euro area and assess its impact on food inflation. We introduce a novel scanner dataset of Germany, the Netherlands, France, and Italy (EA4) and contrast it with an equivalent dataset from the US. We find that both higher frequency and stronger state dependence of price changes contribute to higher flexibility of supermarket inflation in the US relative to the euro area. We argue that the driving force behind both factors is higher cross-sectional volatility in the US. Larger product-level fluctuations both force retailers to adjust prices more frequently and increase price misalignments, which increase the selection of large price changes. Both facts are well represented by a mildly state-dependent price-setting model, and they jointly explain over a third of the difference in food-inflation volatility between the US and the euro area as well as around a third of the difference between the inflation responses to the COVID-19 shock in Germany and Italy.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289962186
    Weitere Identifier:
    Schriftenreihe: Working paper series / European Central Bank ; no 2853
    Schlagworte: food inflation; state-dependent price setting; generalized hazard; duration hazard; US and euro-area comparison; COVID-19
    Umfang: 1 Online-Ressource (circa 61 Seiten), Illustrationen