Price adjustments and inflation - evidence from Norwegian consumer price data 1975-2004
Fredrik Wulfsberg ()
No 2009/11, Working Paper from Norges Bank
I document price adjustments in both high and low inflation years from 14 milllion monthly price observations of 1,133 goods and services. The variation in the frequency of price changes explains all the variation in the inflation rate. On average, prices increase more often when inflation is high, and decrease more often when inflation is low. There is also substantial variation both in the duration and size of price changes within and between items.
Keywords: Consumer prices; price rigidity (search for similar items in EconPapers)
JEL-codes: E31 D40 C2 (search for similar items in EconPapers)
Pages: 36 pages
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (20) Track citations by RSS feed
Downloads: (external link)
https://www.norges-bank.no/en/news-events/news-pub ... pers/2009/WP-200911/
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bno:worpap:2009_11
Access Statistics for this paper
More papers in Working Paper from Norges Bank Contact information at EDIRC.
Bibliographic data for series maintained by ().