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Cited by 427

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

The frequency of price adjustment

Open access
Cecchetti, Stephen G.·1986·Journal of Econometrics

Abstract

Data on the newsstand prices of American magazines is used to investigate the determinants of the frequency of nominal price change. Magazine price changes, often coming after real prices have fallen by one quarter, provide strong evidence for monopolistic sticky price models. The data is examined by applying a fixed effects logit specification to the price change rule implied by a target-threshold model of a firm facing general price inflation, an uncertain future and costly nominal adjustment. The essay concludes that higher inflation leads to more frequent price adjustment and that the real cost of price changes varies with the size of a real price change.

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Crossref · 10.1016/0304-4076(86)90061-8

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Metadata

Authors
Cecchetti, S. G.
Venue
Journal of Econometrics
Publisher
Elsevier BV
Published
1986-04
Volume
31
Issue
3
Pages
255-274
ISSN
0304-4076 (ISSN-L)
OpenAlex
W1565905637
Cited by
427
References
2
FWCI
4.13
Type
journal article
Language
en
Open access
hybrid

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.