Sticky Prices: The Impact of Regulation

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dc.contributor.authorNault, Barrie R
dc.contributor.authorDexter, Albert S.
dc.contributor.authorLevi, Maurice D.
dc.date.accessioned2016-01-04T18:37:54Z
dc.date.available2016-01-04T18:37:54Z
dc.date.issued2002-07
dc.descriptionElsevier: We are able to post the post print/accepted author manuscript or the pre-print file (http://www.elsevier.com/journal-authors/author-rights-and-responsibilities#author-posting)en_US
dc.description.abstractThis paper finds that approximately one-third of the items in the CPI are governed by price regulations that can slow and add noise to the response of prices to changes in cost or demand conditions. Consequently, regulation is a possible partial explanation of sticky prices in the overall rate of inflation, and delayed response to changes in the money supply. A survey is used to decompose the CPI into freely determined and regulated sub-components. Evidence is provided that prices in the regulated sector of the economy respond approximately two quarters after prices in the freely determined sector, thereby contributing a source of stickiness in overall inflation and in the response of inflation to monetary policy.en_US
dc.description.refereedYesen_US
dc.identifier.citationDexter, A.S., M. D. Levi and Nault, B.R., "Sticky Prices: The Impact of Regulation," Journal of Monetary Economics, 49 (2002) 797-821.en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/28758
dc.identifier.issn0304-3932/02
dc.identifier.urihttp://hdl.handle.net/1880/51028
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.publisher.corporateUniversity of Calgaryen_US
dc.publisher.departmentManagement Information Systemsen_US
dc.publisher.facultyHaskayne School of Businessen_US
dc.publisher.institutionUniversity of Calgaryen_US
dc.subjectPrice stickinessen_US
dc.subjectMoney supplyen_US
dc.subjectGranger causationen_US
dc.subjectImpulse responseen_US
dc.titleSticky Prices: The Impact of Regulationen_US
dc.typejournal article
thesis.degree.disciplineManagement Information Systemsen_US
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