Browsing by Keyword "State-dependent pricing"

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Time-dependent or state-dependent pricing? Evidence from firms’ response to inflation shocks

Guimarães, Bernardo de Vasconcellos; Mazini, André Chaves; Mendonça, Diogo de Prince
2015-03-25

This paper proposes a test for distinguishing between time-dependent and state-dependent pricing based on whether the timing of pricing changes is affected by realized or expeted inflation. Using Brazilian data and exploring ...
Time-dependent or state-dependent pricing?: evidence from a large devaluation

Guimarães, Bernardo de Vasconcellos; Feltrin Junior, Celio
2016-11-01

State-dependent and time-dependent price setting models yield distinct implications for how frequency and magnitude of price changes react to shocks. This note studies pricing behavior in Brazil following the large devaluation ...
Time-dependent or state-dependent pricing?: evidence from firms' response to inflation shocks

Guimarães, Bernardo de Vasconcellos; Mazini, André Chaves; Prince, Diogo de
2016-03-10

This paper proposes a test for distinguishing between time-dependent and state-dependent pricing based on whether the timing of pricing changes is affected by realized or expeted inflation. Using Brazilian data and exploring ...