uu.seUppsala University Publications
Change search
ReferencesLink to record
Permanent link

Direct link
Selection Effects in Producer-Price Setting
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2014 (English)Report (Other academic)
Abstract [en]

We use micro data on product prices linked to information on the firms that set them to test for selection effects (state dependence) in micro-level producer pricing. In contrast to using synthetic data from a canonical menu-cost model, we find very weak, if any, micro-level selection effects when running price change probability regressions on actual data. Moreover, when fitting a model that nests both time- and state-dependent elements (the CalvoPlus model of Nakamura and Steinsson, 2010) to the data, the resulting parameters mimic the standard Calvo (1983) model. Thus, upstream in the supply chain, price-setting is best characterized as time-dependent.

Place, publisher, year, edition, pages
Uppsala, 2014. , 34 p.
Working paper / Department of Economics, Uppsala University (Online), ISSN 1653-6975 ; 2014:6
Keyword [en]
Price-setting, Business Cycles, Micro Data
National Category
Research subject
URN: urn:nbn:se:uu:diva-230460OAI: oai:DiVA.org:uu-230460DiVA: diva2:740718

Second fulltext is an updated version of the first fulltext.

Available from: 2014-08-26 Created: 2014-08-26 Last updated: 2014-11-03Bibliographically approved

Open Access in DiVA

fulltext(515 kB)80 downloads
File information
File name FULLTEXT01.pdfFile size 515 kBChecksum SHA-512
Type fulltextMimetype application/pdf
fulltext(296 kB)75 downloads
File information
File name FULLTEXT02.pdfFile size 296 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Carlsson, Mikael
By organisation
Department of Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 155 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 352 hits
ReferencesLink to record
Permanent link

Direct link