Browsing by Subject "Local shocks"

Now showing items 1-3 of 3

    • Article  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2016)
      A number of recent papers point to the importance of distinguishing between the price reaction to macro and micro shocks. We emphasize instead the importance of distinguishing between global and local shocks. We exploit a ...
    • Working Paper  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2012)
      A number of recent papers point to the importance of distinguishing between the price reaction to micro and macro shocks in order to reconcile the volatility of individual prices with the observed persistence of aggregate ...
    • Working Paper  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2011)
      A number of recent papers point to the importance of distinguishing between the price reaction to micro and macro shocks in order to reconcile the volatility of individual prices with the observed persistence of aggregate ...