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- Title
In Search of Real Rigidities.
- Authors
Gopinath, Gita; Itskhoki, Oleg
- Abstract
The article evaluates the behavior of prices and the behavior of strategic complementarities in pricing in the U.S. The study shows that the actual import-price inflation series has a monthly persistence of 0.56. Meanwhile the prices set by competitor firms have significant effect on firm's pricing and reducing the direct pass-through of the exchange rate into prices.
- Subjects
UNITED States; PRICING; PRICE inflation; ECONOMIC development; UNITED States economy, 2009-2017; ECONOMICS
- Publication
Research Review, 2010, Issue 14, p15
- ISSN
1552-2814
- Publication type
Article