Temporary price changes affecting inflation more – BoJ paper
Working paper explores how frequent micro-level price changes can be reconciled with macro-price stickiness
Working paper explores how frequent micro-level price changes can be reconciled with macro-price stickiness; temporary price changes happening more, and increasingly in one direction, authors say
The impact of temporary price changes on Japan's inflation rate has increased as they have become more frequent, a working paper published by the Bank of Japan (BoJ) argues.
In Does a higher frequency of micro-level price changes matter for macro price stickiness? Assessing the impact of temporary price
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