Article ID Journal Published Year Pages File Type
9549369 Economics Letters 2005 5 Pages PDF
Abstract
Using price data from online book retailers, Amazon.com and Barnes and Noble.com, we show that nominal rigidities persist in an environment that is free from literal menu costs. Menu costs, therefore, are not the prime reason for nominal rigidities.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Nominal rigidities without literal menu costs: evidence from E-commerce
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