Listagem FGV EESP - Textos para Discussão / Working Paper Series por Título "Time-dependent or state-dependent pricing? Evidence from firms’ response to inflation shocks"

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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 ...