Economics Letters最新文献_第8页

Purpose matters: Impact of public loan guarantees on business growth 目的事项：公共贷款担保对业务增长的影响

IF 2.1 4区经济学

Economics Letters Pub Date : 2025-06-17 DOI: 10.1016/j.econlet.2025.112455

Mauri Kotamäki

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引用次数: 0

Politically connected suppliers and firm financial stability 有政治关系的供应商和稳固的金融稳定

IF 2.1 4区经济学

Economics Letters Pub Date : 2025-06-16 DOI: 10.1016/j.econlet.2025.112444

Ahmed W. Alam , Reza Houston

引用次数: 0

Asymmetric price adjustment over the business cycle 商业周期中的不对称价格调整

IF 2.1 4区经济学

Economics Letters Pub Date : 2025-06-16 DOI: 10.1016/j.econlet.2025.112450

Daniel Levy , Haipeng (Allan) Chen , Sourav Ray , Elliot Charette , Xiao Ling , Weihong Zhao , Mark Bergen , Avichai Snir

{"title":"Asymmetric price adjustment over the business cycle","authors":"Daniel Levy , Haipeng (Allan) Chen , Sourav Ray , Elliot Charette , Xiao Ling , Weihong Zhao , Mark Bergen , Avichai Snir","doi":"10.1016/j.econlet.2025.112450","DOIUrl":"10.1016/j.econlet.2025.112450","url":null,"abstract":"<div><div>Studies of micro-level price datasets find more frequent <em>small</em> price increases than decreases, which can be explained by consumer inattention because time-constrained shoppers might ignore small price changes. Recent empirical studies of the link between shopping behavior and price attention over the business cycle find that consumers are more (less) attentive to prices during economic downturns (booms). These two sets of findings have a testable implication: the asymmetry in small price changes should vary over the business cycle—it should diminish during recessions and strengthen during expansions. We test this prediction using a large US store-level dataset with more than 98 million weekly price observations for the years 1989–1997, which includes an 8-month recession period, as defined by the NBER. We compare price adjustments between periods of recession (high unemployment) and expansion (low unemployment). Focusing on small price changes, we find, consistent with our hypothesis, that there is a greater asymmetry in small price changes during periods of low unemployment compared to the periods of high unemployment, implying that firms’ price-setting behavior varies over the business cycle.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112450"},"PeriodicalIF":2.1,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144534265","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Home alone: Schooling and the effect of child access prevention laws on juvenile firearm-related homicide 独自在家：学校教育和儿童接触预防法对青少年涉枪杀人的影响

IF 2.1 4区经济学

Economics Letters Pub Date : 2025-06-14 DOI: 10.1016/j.econlet.2025.112417

Paul Niekamp, Lyndsey Ketterling

引用次数: 0

Efficient stable matching in school choice 择校的高效稳定匹配

IF 2.1 4区经济学

Economics Letters Pub Date : 2025-06-13 DOI: 10.1016/j.econlet.2025.112422

Takuya Iimura , Ryuta Isogaya

引用次数: 0

Does environmental regulation complement ESG Disclosure? Evidence from the emergence of pollution emission permits regime in China 环境监管是否补充了ESG信息披露？证据来自中国污染排放许可制度的出现