Peter J. Klenow

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State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?

Staff Working Paper 2005-4 Peter J. Klenow, Oleksiy Kryvtsov
Inflation equals the product of two terms: an extensive margin (the fraction of items with price changes) and an intensive margin (the average size of those changes).
Content Type(s): Staff Research, Staff Working Papers Topic(s): Inflation and prices JEL Code(s): E, E3, E31, E32

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