Results 271 to 280 of about 32,620 (309)
Inflation and Asymmetric Price Adjustment [PDF]
Review of Economics and Statistics, 2000 Using a unique micro data set, we find pervasive evidence of price asymmetry that is systematically related to inflation. An ordered probit model of pricing by manufacturing, building and merchandising firms shows that inflation: (i) increases the probability of a price increase in response to cost increases and (ii) decreases the probability of a ...
Buckle, Robert A., Carlson, John A.
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Asymmetric adjustment: Partisanship and correcting misinformation on Facebook
New Media & Society, 2021Across two studies, we test two of Facebook’s attempts to fight misinformation: labeling misinformation as disputed or false and including fact checks as related articles. We propose hypotheses based on a two-step model of motivated reasoning, which provides insight into how misinformation is corrected. For study 1 ( n = 1,262) and study 2 ( n = 1,586),
Jay Jennings, Natalie Jomini Stroud
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The Asymmetric Adjustment of Global Imbalances: Myth or Fact?
SSRN Electronic Journal, 2023We revisit the so-called "secular international problem", whereby the adjustment of current account imbalances purportedly falls entirely on the shoulders of deficit countries. We introduce a stylised model to rationalise an asymmetric counter-cyclical policy reaction that is stronger for deficit countries.
Dausà, Neus, Stracca, Livio
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INFLATION AND ASYMMETRIC OUTPUT ADJUSTMENTS BY FIRMS
Economic Inquiry, 1998Using ordered probit analyses of a unique micro data set, we find evidence of output asymmetry that is systematically related to inflation and to price asymmetry. As predicted by theory, firms are more likely at higher rates of inflation to raise prices in response to positive cost and demand shocks and less likely to lower prices in response to ...
ROBERT A. BUCKLE, JOHN A. CARLSON
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Asymmetric price adjustment and information
Economics Letters, 1982Abstract Empirical evidence suggests that price adjustment is relatively stickier downwards than upwards. An explanation is offered, using the different responses of risk-averse firms to the asymmetry in information in the regimes of positive and negative excess demand.
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Asymmetric Adjustments in Oil and Metals Markets
The Energy Journal, 2010Using the threshold cointegration methods, Enders-Siklos (2001) and Hansen-Seo (2002), this study finds that spot and futures prices in each of the four widely traded commodities, copper, gold, WTI oil and silver are asymmetrically co-integrated. However, the asymmetric adjustment to the long-run equilibrium differs among those commodities, reflecting ...
Shawkat Hammoudeh +2 more
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Asymmetric Price Adjustment in the Small: An Implication of Rational Inattention [PDF]
SSRN Electronic Journal, 2005 We study the implications of rational inattention for individual price dynamics. Analyzing scanner data that cover 29 product categories over a eight-year period from a large Mid-western supermarket chain, we uncover a surprising regularity in the data—small price increases occur more frequently than small price decreases.
Daniel Levy +3 more
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Asymmetric adjustment from structural booms and slumps
Economics Letters, 2002Abstract The connection between booms and slumps in economic activity and stock markets is explored with US and UK data. Based on Phelps [Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest, and Assets. Harvard University Press, Cambridge, MA, 1994] and Phelps and Zoega [Economic Policy 32 (2001) 85–126], the cointegrating ...
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Asymmetric Adjustment in Menu Cost Duopoly
SSRN Electronic Journal, 1996Contrary to existing menu cost models we assume oligopolistic interaction. Symmetric duopoly may lead to asymmetric adjustment even when menu costs are negligible: In some equilibria only one Orm adjusts to negative shocks, while both Orms adjust to positive shocks.
Per Svejstrup Hansen +3 more
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Fiscal Adjustments and the Asymmetric Effect of Oil Shocks
Energy EconomicsThis research employs a quadratic exponential model to examine the dynamics of fiscal adjustments in the context of oil shocks. The findings suggest significant state dependence, with past fiscal adjustments increasing the likelihood of future adjustments and an asymmetry in oil shock effects. Supply shocks reduce the probability of fiscal adjustments,
Valencia, Oscar M. +2 more
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