Dallas Fed paper on sticky prices in Switzerland
A Dallas Federal Reserve paper published on Friday finds evidence of strong price stickiness in menu costs at the retail level.
Martin Berka, Michael Devereux and Thomas Rudolph, the paper's authors, conduct a case study of a large Swiss online supermarket to analyse the behaviour of micro prices from scanner data.
Berka, Devereux and Rudolph find that average prices change about every two months, but once temporary sales are excluded, prices are extremely sticky, changing on average once every
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