Asymmetric effects of aggregate demand: An empirical test of a menu-cost model

2000 ◽  
Vol 22 (1) ◽  
pp. 29-51 ◽  
Author(s):  
David Demery ◽  
Nigel W. Duck
Keyword(s):  
Empirical Test ◽  
Cost Model ◽  
Aggregate Demand ◽  
Asymmetric Effects ◽  
Menu Cost

scholarly journals Welfare Costs of Inflation in a Menu Cost Model

2008 ◽  
Vol 98 (2) ◽  
pp. 438-443 ◽  
Author(s):  
Ariel Burstein ◽  
Christian Hellwig
Keyword(s):  
Cost Model ◽  
Welfare Costs ◽  
Menu Cost

scholarly journals Prices and Market Shares in a Menu Cost Model

2007 ◽  
Author(s):  
Ariel Burstein ◽  
Christian Hellwig
Keyword(s):  
Cost Model ◽  
Market Shares ◽  
Menu Cost

scholarly journals The Effect of Sales and Evidence from Micro Data

2017 ◽  
Vol 8 (1) ◽  
pp. 37 ◽  
Author(s):  
Zi-Yi Guo ◽  
Yangxiaoteng Luo
Keyword(s):  
Cost Model ◽  
Micro Data ◽  
Retail Sales ◽  
Product Level ◽  
Price Increases ◽  
Level Data ◽  
Menu Cost ◽  
Micro Level

The concept of menu cost indicates that firms are facing a fixed menu cost when they want to change the nominal prices. However, the standard menu cost model is hardly to explain the observed facts from micro-level data, especially in terms of sales. In this paper, we investigate the effect of sales through a novel product-level dataset. There are at least three findings from our estimation results. First, we find that retail sales themselves, rather than price decreases, have a large effect on consumers’ purchases. Second, consumers are more prices sensitive when the product is on sale than they are when the product is not on sale. Third, consumers are far more aware of price decreases than price increases.

Asymmetric price adjustment in a menu-cost model

1998 ◽  
Vol 68 (3) ◽  
pp. 295-309 ◽  
Author(s):  
Jakob B. Madsen ◽  
Bill Z. Yang
Keyword(s):  
Cost Model ◽  
Price Adjustment ◽  
Menu Cost

scholarly journals Monetary Non-Neutrality in a Multisector Menu Cost Model*

2010 ◽  
Vol 125 (3) ◽  
pp. 961-1013 ◽  
Author(s):  
Emi Nakamura ◽  
Jón Steinsson
Keyword(s):  
Cost Model ◽  
Menu Cost
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