Reference Prices, Costs, and Nominal Rigidities

By Martin Eichenbaum, Nir Jaimovich, Sergio Rebelo. 2011

337 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/aba538411e976a47faa0ca481cc4c1ff159cb586

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Citations in the corpus

Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data (2019, background): “Eichenbaum et al. (2011) show that nominal rigidities take the form of inertia in reference prices and costs.”
Regular prices and sales: Regular prices and sales (2010, positive): “Supermarket prices change every two or three weeks on average, typically by moving away from the regular price and then quickly returning to it (Chevalier et al. 2003, Kehoe and Midrigan 2008, Eichenbaum et al. 2009).”
Are Sticky Prices Costly? Evidence from the Stock Market (2016, neutral): “Rebelo (2011), Goldberg and Hellerstein (2011), Midrigan (2011), Berger and Vavra (2013), Bhattarai and Schoenle (2014), Eichenbaum et al. (2014), Vavra (2014), and Weber (2015). See Klenow and Malin (2010) and Nakamura and Steinsson (2013) for recent reviews of this literature.”
Rationally Inattentive Seller: Sales and Discrete Pricing (2016, methodology): “The price series take a form of a price plan, with prices revisiting a finite number of values, as found in Eichenbaum et al. (2011), and the top prices being the most oftenquoted ones, while the low prices being more transient, as in Nakamura and Steinsson (2008), Kehoe and Midrigan (2007) or Eiche”
Scraped Data and Sticky Prices (2016, neutral): “Eichenbaum et al. (2014) use CPI and scanner data from multiple stores to show how unit-value prices, reported as the ratio of sales revenue of a product to the quantity sold, affect the prevalence of small price changes. While they also use daily data, their focus is on the effects of unit values a”
Inflation Dynamics and Time-Varying Volatility: New Evidence and an Ss Interpretation* (2014, background): “8E.g. Eichenbaum, Jaimovich, and Rebelo (2009), Kehoe and Midrigan (2008) and Guimaraes and Sheedy (2011).”
International Prices and Exchange Rates (2013, positive): “…there is limited country coverage for the facts on frequency and conditional pass-through. and Gautier et al. (2007) for 6 European countries.14 Eichenbaum et al. (2009) estimate reference price durations for wholesale prices from a retail chain that are similar to that found from border…”
On DSGE Models (2018, positive): “Even in moderate inflation environments, Calvo-style frictions have implications that are inconsistent with aspects of micro data (see for example Nakamura and Steinsson (2008) or Eichenbaum et al. (2011)).”
Price Rigidity: Microeconomic Evidence and Macroeconomic Implications (2013, positive): “Both institutional evidence regarding price setting at large retailers and statistical evidence based on data from such retailers suggests that the process for regular price changes and temporary discounts may be largely disconnected from each other (Anderson et al., 2012; Eichenbaum et al., 2011).”
House Prices, Local Demand, and Retail Prices (2019, neutral): “33 Our results might seem surprising in light of Eichenbaum et al.’s (2011) finding that this “retailer resets its reference prices so that variations in the realized markup fall within a reasonably small interval” (250).”