{"title":"时间依赖定价还是状态依赖定价?来自大幅贬值的证据","authors":"Celio Feltrin, Bernardo Guimaraes","doi":"10.12660/BRE.V99N992016.56757","DOIUrl":null,"url":null,"abstract":"State-dependent and time-dependent price setting models yield distinct implications for how frequency and magnitude of price changes react to shocks. This note studies pricing behavior in Brazil following the large devaluation of the Brazilian Real in 1999 to distinguish between models. The results are consistent with state-dependent pricing.","PeriodicalId":332423,"journal":{"name":"Brazilian Review of Econometrics","volume":"8 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2015-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Time-Dependent or State-Dependent Pricing? Evidence From a Large Devaluation\",\"authors\":\"Celio Feltrin, Bernardo Guimaraes\",\"doi\":\"10.12660/BRE.V99N992016.56757\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"State-dependent and time-dependent price setting models yield distinct implications for how frequency and magnitude of price changes react to shocks. This note studies pricing behavior in Brazil following the large devaluation of the Brazilian Real in 1999 to distinguish between models. The results are consistent with state-dependent pricing.\",\"PeriodicalId\":332423,\"journal\":{\"name\":\"Brazilian Review of Econometrics\",\"volume\":\"8 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-03-25\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Brazilian Review of Econometrics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.12660/BRE.V99N992016.56757\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Brazilian Review of Econometrics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.12660/BRE.V99N992016.56757","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Time-Dependent or State-Dependent Pricing? Evidence From a Large Devaluation
State-dependent and time-dependent price setting models yield distinct implications for how frequency and magnitude of price changes react to shocks. This note studies pricing behavior in Brazil following the large devaluation of the Brazilian Real in 1999 to distinguish between models. The results are consistent with state-dependent pricing.
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