Replication data for: Inflation and Price Adjustments: Micro Evidence from Norwegian Consumer Prices 1975-2004

Principal Investigator(s): View help for Principal Investigator(s) Fredrik Wulfsberg

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stata			10/25/2021 01:10:PM
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Project Citation:

Wulfsberg, Fredrik. Replication data for: Inflation and Price Adjustments: Micro Evidence from Norwegian Consumer Prices 1975-2004. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114092V1

Project Description

Summary: This is the first paper documenting the frequency and size of price adjustments using micro data from both the high-inflation period in the 1970s and 1980s, and the period of low inflation since the early 1990s. When inflation is high and volatile, prices change more frequently and in smaller magnitudes. When inflation is low and stable, prices change less frequently but in larger magnitudes. The frequency of price changes is more important for the variation in inflation when inflation is high and volatile. When inflation is low and stable, the magnitude of the price changes is more important than the frequency.

Scope of Project

Subject Terms: inflation; Price setting

JEL Classification:
      E31 Price Level; Inflation; Deflation
      E32 Business Fluctuations; Cycles
      L11 Production, Pricing, and Market Structure; Size Distribution of Firms

Geographic Coverage: Norway

Time Period(s): 1/1975 – 12/2004

Universe: Micro data used to construct the CPI

Data Type(s): observational data

Methodology

Data Source: Statistics Norway

Unit(s) of Observation: Firm, month,

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Published Versions

V1 [2019-10-12]

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