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Price dispersion can be viewed as a measure of trading frictions (or, tautologically, as a violation of the law of one price). It is often attributed to consumer search costs or unmeasured attributes (such as the reputation) of the retailing outlets involved. There is a difference between price dispersion and price discrimination. The latter ...
In the commonly used New Keynesian macroeconomic models, the social costs of inflation arise from inefficient price dispersion. In typical models, higher inflation implies higher price dispersion, and therefore higher welfare losses. Nakamura et al. digitize price data from the era of high inflation in the US in the 1970s and 1980s to test this ...
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Monetary inflation is a sustained increase in the money supply of a country (or currency area). Depending on many factors, especially public expectations, the fundamental state and development of the economy, and the transmission mechanism, it is likely to result in price inflation, which is usually just called "inflation", which is a rise in the general level of prices of goods and services.
A separate measure of inflation from the Bureau of Labor Statistics’ consumer price index (CPI) shows even hotter price pressures, with inflation rising 3.2 percent from a year ago and 3.8 ...
President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial professionals had moved on from rising prices and begun ...
Market risk is the risk of losses in positions arising from movements in market variables like prices and volatility. [1] There is no unique classification as each classification may refer to different aspects of market risk. Nevertheless, the most commonly used types of market risk are:
While she said she thinks the risk of inflation getting stuck above the Fed’s 2% target has receded, she also stated that demand needs to grow more slowly to achieve 2% inflation.