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Price selection / by Carlos Carvalho and Oleksiy Kryvtsov.FB3-5/2018-44E-PDF

"We propose a simple, model-free way to measure price selection and its impact on inflation. Price selection exists when prices that change in response to aggregate shocks are not representative of the overall population of prices. Due to selection, increases (decreases) in inflation can be amplified because adjusting prices tend to originate from levels far below (above) the average. Using detailed micro-level consumer price data for the United Kingdom, the United States and Canada, we find robust evidence of strong price selection across goods and services"--Abstract, p. ii.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.862211&sl=0

Publication information
Department/Agency
  • Bank of Canada.
TitlePrice selection / by Carlos Carvalho and Oleksiy Kryvtsov.
Series title
  • Bank of Canada staff working paper, 1701-9397 ; 2018-44
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "September 2018."
  • Includes bibliographical references (p. 23-26).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada, 2018.
Author / Contributor
  • Carvalho, Carlos.
  • Kryvtsov, Oleksiy.
Descriptionii, 37 p. : col. charts.
Catalogue number
  • FB3-5/2018-44E-PDF
Subject terms
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