Prof. Daniel Levy

Curriculum Vitae 

Journal Articles

“End of 9-Endings, Price Recall, and Price Perceptions,” with A. Snir and H. Chen, Economics Letters 155, 157–163, 2017.

“Explicit Evidence of an Implicit Contract,” with A. Young, Journal of Law, Economics, & Organization 30(4), November, 804–832, 2014.

“Heterogeneous Convergence,” with A. Young and M. Higgins, Economics Letters 120(2), August, 238–241, 2013.

“Price Points and Price Rigidity,” with D. Lee, H. Chen, R. Kauffman and M. Bergen, Review of Economics and Statistics 93, 1417–1431, 2011. “Supplementary Appendix.”

“Holiday Price Rigidity and Cost of Price Adjustment,” with M. Bergen, H. Chen, S. Dutta and G. Müller, Economica 77, 172-198, 2010.

“Robust Correlates of County-Level Growth in the U.S.,” with M. Higgins and A. Young, Applied Economics Letters 17, 293-296, 2010.

“Federal, State, and Local Governments: Evaluating their Separate Roles in US Growth,” with M. Higgins and A. Young, Public Choice 139, 493-507, 2009.

“Sigma Convergence vs Beta Convergence: Evidence from U.S. County-Level Data,” with M. Higgins and A. Young, Journal of Money, Credit and Banking 40, 1083-1093, 2008.

“When Little Things Mean a Lot: On the Inefficiency of Item Pricing Laws,” with M. Bergen, S. Ray, P. Rubin, and B. Zeliger, Journal of Law and Economics 51, 209-250, 2008. “Supplementary Appendix.”

“Asymmetric Price Adjustment in the Small,” with M. Bergen, A. Chen and S. Ray, Journal of Monetary Economics 55, 728-737, 2008. “Supplementary Appendix.”

“Price Adjustment under the Table: Evidence on Efficiency-Enhancing Corruption,” European Journal of Political Economy 23, 423-447, 2007. Short version reprinted in S. Matulich and D.M. Currie, eds., Handbook of Frauds, Scams, and Swindles (London: CRC Press, Taylor & Francis Group), 2009, Chapter 2, pp. 17–32.

“Growth and Convergence across the US: Evidence from County-Level Data,” with M. Higgins and A. Young, Review of Economics and Statistics 88, 671-681, 2006. “Supplementary Appendix.”

“Private Label Price Rigidity during Holiday Periods,” with M. Bergen, S. Dutta, and G. Müller, Applied Economics Letters 13, 57-62, 2006.

“Asymmetric Wholesale Pricing: Theory and Evidence,” with M. Bergen, H. Chen, and S. Ray, Marketing Science 25, 131-154, 2006. “Supplementary Appendix.”

“Managerial and Customer Costs of Price Adjustment: Direct Evidence from Industrial Markets,” with M. Zbaracki, M. Ritson, S. Dutta, and M. Bergen, Review of Economics and Statistics 86, 514-533, 2004.

“The Real Thing: Nominal Price Rigidity of the Nickel Coke, 1886–1959,” with A. Young, Journal of Money, Credit, and Banking 36, 765-799, 2004.

“International Evidence on Output Fluctuation and Shock Persistence,” with H. Dezhbakhsh, Journal of Monetary Economics 50, 1499-1530, 2003.

"Shattering the Myth of Costless Price Changes," with M. Bergen, S. Dutta, M. Ritson and M. Zbaracki, European Management Journal 21, 663-669, 2003.

“On the Typical Spectral Shape of an Economic Variable,” with H. Dezhbakhsh, Applied Economics Letters 10, 417-423, 2003.

“Price Flexibility in Channels of Distribution: Evidence from Scanner Data,” with M. Bergen and S. Dutta, Journal of Economic Dynamics and Control 26, 1845-1900, 2002.

“Cointegration in Frequency Domain,” Journal of Time Series Analysis 23, 333-339, 2002.

“Heterogeneity in Price Rigidity: Evidence from Primary Micro Level Data,” with M. Bergen and S. Dutta, Journal of Money, Credit, and Banking 34, 197-220, 2002.

“Pricing as a Strategic Capability,” with M. Bergen, S. Dutta, M. Ritson and M. Zbaracki, MIT Sloan Management Review 43, 61-66, 2002. Reprinted as “A fixação do preço como capacidade estratégica,” in Revista Portuguesa e Brasileira de Gestão, Trimestral 1(1), Abr/Jun 2002, 8–17 (in Portuguese), and as “Pricing als Strategische Ressource,” inGDI_IMPULS, Nr. 1.03: Für Entscheidungsträger in Wirtschaft und Gesellschaft, 16–22 (in German). See the May 23, 2002 issue of the Economist magazine for a review article, “The Price is Wrong,” on the paper.

“Investment-Saving Co-movement and Capital Mobility: Evidence from Century Long U.S. Time Series,” Review of Economic Dynamics 3, 100-136, 2000.

“Menu Costs, Posted Prices, and Multi-product Retailers,” with M. Bergen, S. Dutta, and R. Venable, Journal of Money, Credit, and Banking 31, 683-703, 1999.

“Price Adjustment at Multiproduct Retailers,” with M. Bergen, S. Dutta, and R. Venable, Managerial and Decision Economics 19, 81-120, 1998.

“Seasonal Cycles, Business Cycles, and the Co-movement of Inventory Investment and Output,” with R. Carpenter, Journal of Money, Credit, and Banking 30, 331-346, 1998.

“The Magnitude of Menu Costs: Direct Evidence from Large US Supermarket Chains,” with M. Bergen, S. Dutta, and R. Venable, Quarterly Journal of Economics 112, 791-825, 1997.

“Capital Stock Depreciation, Tax Rules, and Composition of Aggregate Investment,” Journal of Economic and Social Measurement 21, 45-65, 1995.

“Investment-Saving Co-movement Under Endogenous Fiscal Policy,” Open Economies Review 6, 237-254, 1995.

“Periodic Properties of Interpolated Time Series,” with H. Dezhbakhsh, Economics Letters 44, 221-228, 1994. “Erratum,” Vol. 46, p. 183.

“Output, Capital, and Labor in the Short and Long Run,” Southern Economic Journal 60, 946-960, 1994.

“Estimates of the Aggregate Quarterly Capital Stock for the Post-War U.S. Economy,” with H. Chen, Review of Income and Wealth 40, 317-349, 1994. Supplementary Appendix, in [PDF] and [WORD] Formats.

“Simulating a Multiproduct Barter Exchange Economy,” with M. Bergen, Economic Inquiry 31, 314-321, 1993.


Book Chapters

“Economic Growth in the Potterian Economy,” with A. Snir, in The Law and Harry Potter, edited by F. Snyder and J. Thomas (Durham, NC: Carolina Academic Press), 211-235, 2010.

“Is the Feldstein-Horioka Puzzle Really a Puzzle?” in Aspects of Globalization: Macroeconomic and Capital Market Linkages in the Integrated World Economy, edited by C. Tsoukis, G. Agiomirgianakis, and T. Biswas (London: Kluwer Academic Publishers), 49-66, 2004.

“What Can the Price Gap between Branded and Private-Label Products Tell Us about Markups?” with R. Barsky, M. Bergen, and S. Dutta, in Scanner Data and Price Indexes, edited by R. Feenstra and M. Shapiro, NBER and the University of Chicago Press, 165-225, 2003; “Comment,” by J. Rotemberg, pp. 226-228; Also availabe as “NBER Working Paper No. 8426.”

“Solving and Simulating Nonlinear Stochastic Equilibrium Models in Frequency Domain,” Proceedings of the WCGJ International Scientific Conference Celebrating the 55th Anniversary of the State of Israel, D. Baazov, ed. (Tel- Aviv: WCGJ), 61-67, 2003 (Invited Paper).

"Beans as a Medium of Exchange," with H. Fried, in G. Delemeester and J. Neral, eds., Classroom Experiments: A User’s Guide, a volume accompanying John Taylor’s Economics (Boston: Houghton Mifflin), 1995, pp. 121–125. Reprinted in the 2nd Edition, 2001.


Special Issue Editorship and Articles

Guest Editor, Managerial and Decision Economics 
A special issue on “Price Setting and Price Adjustment in Some European Union Countries,” with F. Smets, 31(2-3), 2010. 
“Introduction to the Special Issue," Managerial and Decision Economics 31, 63-66, 2010.

Guest Editor, Managerial and Decision Economics 
A special issue on “Price Rigidity and Flexibility: New Empirical Evidence,” 28(7), 2007.
“Introduction to the Special Issue,” Managerial and Decision Economics 28(7), 639-647, 2007.

“Non-Price Rigidity and Cost of Adjustment,” with M. Bergen, S. Dutta, and G. Müller, Managerial and Decision Economics 28(7), 817-832, 2007.

Guest Editor, Managerial and Decision Economics 
A special issue on “Price Rigidity and Flexibility: Recent Theoretical Developments,” 28(6), 2007. 
“Introduction to the Special Issue,” Managerial and Decision Economics 28(6), 523-530, 2007.


Papers Published as a Graduate Student

“Aggregate Output, Capital, and Labor in the Post-War U.S.,” Economics Letters 33, 41-45, 1990.

“Four Contributions on Teaching Economics” in Great Ideas for Teaching Economics, edited by R. T. Byrns and G. W. Stone (Glenview: Scott, Foresman and Company), 4th Edition, 1989. Reprinted in the 5th Edition, 1992, and in the 6th edition, 1995 (Harper Collins Publishers), as well as in the Electronic Edition of Great Ideas for Teaching Economics” edited by R. Byrns, 2006. 

“Expectations, Information, and Migration: The Case of the West Bank and Gaza,” with S. Gabriel, Applied Economics 20, 1-13, 1988.

“Israel As an Economic Laboratory," The Economic Quarterly 31, 479-482, 1984 (in Hebrew).

“Elections and Business Cycles in Israel,” The Economic Quarterly 30, 865-875, 1984 (in Hebrew).

Copyright Notice:

 
(1) The links to the published studies are only for the use and convenience of those visitors who have a lawful access to the respective outlets. (2) The visotors that download this material are expected to adhere to the terms and conditions invoked by respective publisher and author's copyright. (3) Downloading of any paper is permitted for personal use only. (4) Permission to reprint/republish this material for any purpose must be obtained from the author/s and the respective publisher. (5) Copyright and all other rights therein are retained by authors and/or by other copyright holders. (6) These publications may not be reposted without the explicit permission of the copyright holder.

Paper Discussions at Conferences 

"Discussion of Emek Basker (2013), "Change at the Checkout: Tracing the Impact of a Process Innovation," The Third Annual Israeli I.O. Day, Tel-Aviv University, Recanati Business School, December 24, 2013.

"Discussion of George, L. and C. Hogendorn (2013), Local News Online: Aggregators, Geo-Targeting and the Market for Local News," 11th Workshop on Media Economics, Tel-Aviv University, Recanati Business School, October 9-10, 2013. 

"Discussion of Ratfai, A. (2007), Inflation and Relative Price Asymmetry," Rimini Center for Economic Analysis 2007 Macroeconomics Workshop on "The Macroeconomics of Price Setting," RCEA, University of Bologna, Rimini, Italy, May 10-11, 2007. 

"Discussion of Dhyne, E., et al. (2007), Lumpy Price Adjustments: A Microeconometric Analysis," Deutsche Bundesbank - Banque De France Spring 2007 Conference on "Microdata and Macroeconomic Implications," the Bundesbank, Eltville, Germany, April 27-28, 2007. 

"Discussion of S. Fabiani, et al. (2004), The Pricing Behavior of Firms in the Euro Area: New Survey Evidence," Inflation Persistence Network (IPN) Conference, European Central Bank, Frankfurt, December 10-11, 2004. 
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Research Areas 

Price Setting, Price Adjustment, and Cost of Price Adjustment 
Business Cycles, Convergence and Economic Growth 
International Capital Mobility, Political Economy 
Frequency Domain Econometrics 
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Advanced Macroeconomic Theory (Semester I, 66-817, and Semester II, 66-818) 

Monetary Theory (Semester I, 66-829)

Advanced Monetary Theory (Semester II, 66-838)

Ph.D Workshop (66-854, Semester I) 

Macroeconomic Theory (Semester I, 66-201, and Semester II, 66-202)

Undergraduate Seminar (66-402, Semester I and II) 

Popular Science Writing, Interviews, and Media Coverage

In Egnlish

• "Israeli Homes, Decorated with a Shopping Spree in China" - NPR - All Things Considered - Marketplace Report, October 21, 2014. [PDF].

• "For the First Time in Israel: The Israel Consumer Council Publishes the Fairness Index" - Israel Consumer Council, March 26, 2014.

• "Hidden Price Hikes at the Supermarket" - Haaretz, February 25, 2013.

• "Why Did a Coke Cost a Nickel for More Than 70 Years? Professor Daniel Levy Tells the Amazing Story" - KGO NewTalk Radio 810am - San Francisco - Consumer Talk, Nov 24 2012. [MP3].

• "Why Coke Cost a Nickel for 70 Years" - NPR - Morning Edition - Interview, November 15, 2012. [MP3] [PDF]

• "Economist: How Coke Stayed at a Nickel for Seven Decades" - Academic Exchange - Emory University, November 15, 2012.

• "Episode 416: Why The Price of Coke Didn't Change for 70 Years" - NPR - Planet Money - Interview, November 13, 2012. [MP3]

• "The Epic Endurance of Nickel-a-Bottle Coca-Cola" - Improbable Research, April 28, 2012.

• "Inflation Sparks Big Protests in Tel Aviv" - Newsweek & The Daily Beast, July 28, 2011.

• "Contradicting Conclusion of Own Study: Industry Official Seeks to Reverse Price Tags Reform" - Haaretz, July 17, 2008, p. 12.

• "Undercover Economist: Price Fighters" - Financial Times, August 25, 2007.

• "The Cost of Raising Prices Can Prove Too High to Pay" - Wall Street Journal, May 14, 2007.

• "Why Prices Need to Change" - Wall Street Journal, May 13, 2007.

• "Undercover Economist: for Better or Worth" - Financial Times, May 11, 2007.

• "The Mystery of the 5-Cent Coca-Cola" - Slate, May 11, 2007.

• "Economists Study 'Harry Potterian' Economic Models" - Wired, April 24, 2007.

• "Item-Pricing Redux: Paul Rubin Bolsters His Argument against It" - Wall Street Journal, April 3, 2007, p. A13.

• "Item Pricing and Overcharging in Groceries" - Wall Street Journal, March 29, 2007.

• "A Penny Not Saved" - Wall Street Journal, March 10, 2007, p. A9.

• "What Happens When Two Economists Go Sleuthing In the Archives of The Coca-Cola Company?" - Knowledge@Emory, January 10, 2007.

• "Managing Change: Is the Penny Worth Keeping?" - Wall Street Journal, November 17, 2006.

• "Education and Economic Growth" - BIU Today - Bar-Ilan in the News, Fall 2006, p. 27.

• "Exploring the Economic Structure of Harry Potter's World" - Knowledge@Emory, April 12, 2006.

• "Exploring the Economics of Harry Potter's World" - Emory Report, April 10, 2006.

• "Learn and Grow" - Jerusalem Post, March 2, 2006.

• "Researcher: Education Key to Reducing Social Gaps" - Jerusalem Post, February 16, 2006, p. 16.

• "Item Pricing Laws and their Possible Effects on Prices: Research Findings" - Presentation at the Hearing on Michigan Price Modernization Act (Michigan House Bill No. 4636), Michigan House of Representatives Committee on Commerce, Lansing MI, June 21, 2005.

• "Price Tagging May Drive Up Prices" - Jerusalem Post, May 11, 2004.

• "The Price Is Wrong" - Economist, May 23, 2002.

• "Levy, Young Discover the Price of the 'Real Thing'" - Emory Report, July 23, 2001.

• "Daniel Levy Looks Close to 'Home' to Examine Markets" - Emory Report - First Person, January 25, 1999.

• "The Joys of Haggling" - BHG - Family Money - Fun&Money, Winter 1997/98, pp. 56-60.

• "Talk Sunday Focuses on the Economy" - The Times Union - Saratoga-Schenectady Counties, February 1, 1992, p. B-4.

• "Election Economics" - Jerusalem Post - Opinion, March 27, 1984.

In Hebrew

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