Olivier Coibion

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Staff Working Papers

Commodity Price Co-Movement and Global Economic Activity

Staff Working Paper 2014-32 Ron Alquist, Olivier Coibion
Guided by a macroeconomic model in which non-energy commodity prices are endogenously determined, we apply a new factor-based identification strategy to decompose the historical sources of changes in commodity prices and global economic activity.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, International topics JEL Code(s): E, E3, F, F4

The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications

Staff Working Paper 2013-1 Olivier Coibion, Yuriy Gorodnichenko, Gee Hee Hong
We study the cyclical properties of sales, regular price changes and average prices paid by consumers (“effective” prices) using data on prices and quantities sold for numerous retailers across many U.S. metropolitan areas.

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