Time-dependent or state-dependent pricing?: evidence from a large devaluation

dc.creatorGuimarães, Bernardo de Vasconcellos
dc.creatorFeltrin Junior, Celio
dc.date.accessioned2019-02-26T15:07:16Z
dc.date.available2019-02-26T15:07:16Z
dc.date.created2019-02-26T15:07:16Z
dc.date.issued2016-11-01
dc.identifier1980-2447
dc.identifierhttp://hdl.handle.net/10438/26217
dc.identifier10.12660/bre.v99n992016.56757
dc.identifier56757
dc.description.abstractState-dependent and time-dependent price setting models yield distinct implications for how frequency and magnitude of price changes react to shocks. This note studies pricing behavior in Brazil following the large devaluation of the Brazilian Real in 1999 to distinguish between models. The results are consistent with state-dependent pricing.
dc.languageeng
dc.publisherSociedade Brasileira de Econometria
dc.relationBrazilian Review of Econometrics
dc.rightsopenAccess
dc.sourcePeriódicos científicos e revistas FGV
dc.subjectState-dependent pricing
dc.subjectTime-dependent pricing
dc.subjectCurrency devaluation
dc.subjectFrequency of price changes
dc.titleTime-dependent or state-dependent pricing?: evidence from a large devaluation
dc.typeArticle (Journal/Review)


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