Replication data for: The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications
Principal Investigator(s): View help for Principal Investigator(s) Olivier Coibion; Yuriy Gorodnichenko; Gee Hee Hong
Version: View help for Version V1
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| Data_for_submission | 10/12/2019 12:07:AM | ||
| Matlab_code | 10/12/2019 12:07:AM | ||
| Stata_code_updated | 10/12/2019 12:07:AM | ||
| results | 10/12/2019 12:07:AM | ||
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text/plain | 14.6 KB | 10/11/2019 08:07:PM |
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text/plain | 1.3 KB | 10/11/2019 08:07:PM |
Project Citation:
Coibion, Olivier, Gorodnichenko, Yuriy, and Hong, Gee Hee. Replication data for: The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E112898V1
Project Description
Summary:
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We study the cyclical properties of sales, regular price changes, and average prices paid by consumers ("effective" prices) using data on prices and quantities sold for numerous retailers across many US metropolitan areas. Inflation in the effective prices paid by consumers declines significantly with higher unemployment while little change occurs in the inflation rate of prices posted by retailers. This difference reflects the reallocation of household expenditures across retailers, a feature of the data which we document and quantify, rather than sales. We propose a simple model with household store-switching and assess its implications for business cycles and policymakers. (JEL D12, E31, E32, L25, L81)
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
E31 Price Level; Inflation; Deflation
E32 Business Fluctuations; Cycles
L25 Firm Performance: Size, Diversification, and Scope
L81 Retail and Wholesale Trade; e-Commerce
D12 Consumer Economics: Empirical Analysis
E31 Price Level; Inflation; Deflation
E32 Business Fluctuations; Cycles
L25 Firm Performance: Size, Diversification, and Scope
L81 Retail and Wholesale Trade; e-Commerce
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