The Behavior of Prices and Inflation: An Empirical Analysis of Disaggregat Price Data
利用以色列1978-84年食品分类价格数据，分析通胀对价格离散的影响，发现预期通胀比非预期通胀对市场价格波动影响更大，且价格调整存在交错性，实际价格分布不均匀。
This paper analyzes the effects of inflation on the dispersion of prices, and other aspects of price behavior, using disaggregated data on prices of foodstuffs in Israel during 1978-84. The authors find that expected inflation has a stronger effect on intramarket price variability than unexpected inflation. They show that even in times of high inflation price quotations are not trivially short and that price changes are not synchronized across firms. These facts, taken together, confirm that there is some staggering in the setting of prices. The authors find that the distribution of real prices is not uniform as many menu cost-based models assume or conclude. Copyright 1992 by University of Chicago Press.