Sales Filters and Regular Price Rigidity

Speaker
אביחי שניר
Date
05/06/2024 - 22:00 - 20:00Add To Calendar 2024-06-05 20:00:00 2024-06-05 22:00:00 Sales Filters and Regular Price Rigidity We use new daily retail price data from 12 supermarket chains and one drugstore chain. The data covers 2,403 products sold in 106 stores, over the period January 1, 2018–April 8, 2021, with a total of about 108 million price observations. A unique aspect of the data is that it contains the actual regular prices along with the actual transaction prices. We use the data to study the rigidity of both the transaction prices and the regular prices. We employ four sales filters to generate regular prices. We compare the rigidity of the generated regular prices to the rigidity of the actual regular prices. We conduct the analyses at both daily and weekly frequencies. We assess the implications of our findings for the effectiveness of monetary policy using sufficient statistics for both actual and generated series. https://biu-ac-il.zoom.us/j/81895000419 אוניברסיטת בר-אילן - Department of Economics Economics.Dept@mail.biu.ac.il Asia/Jerusalem public
Place
https://biu-ac-il.zoom.us/j/81895000419
Abstract

We use new daily retail price data from 12 supermarket chains and one drugstore chain. The data covers 2,403 products sold in 106 stores, over the period January 1, 2018–April 8, 2021, with a total of about 108 million price observations. A unique aspect of the data is that it contains the actual regular prices along with the actual transaction prices. We use the data to study the rigidity of both the transaction prices and the regular prices. We employ four sales filters to generate regular prices. We compare the rigidity of the generated regular prices to the rigidity of the actual regular prices. We conduct the analyses at both daily and weekly frequencies. We assess the implications of our findings for the effectiveness of monetary policy using sufficient statistics for both actual and generated series.

Last Updated Date : 02/06/2024