Journal article icon

Journal article

On quality and variety bias in aggregate prices

Abstract:

How do product variety and quality affect the aggregate price bias? We develop a general equilibrium model that accounts for the joint interaction of product quality and variety. Our findings show that the aggregate price bias is pro-cyclical and the contribution of product variety is persistent whereas the contribution of product quality becomes counter-cyclical in the medium to long run. We show that accounting for product quality and variety has critical implications on the measure of cycl...

Expand abstract
Publication status:
Published
Peer review status:
Peer reviewed

Actions


Access Document


Files:
Publisher copy:
10.1111/jmcb.12476

Authors


More by this author
Institution:
University of Oxford
Oxford college:
Wadham College
Role:
Author
More from this funder
Name:
Zengin Foundation
Grant:
Grant-in-Aid for Young Scientists B
More from this funder
Name:
Japan Society for the Promotion of Science
Grant:
15K1702
Publisher:
Wiley
Journal:
Journal of Money, Credit and Banking More from this journal
Volume:
50
Issue:
6
Pages:
1343-1363
Publication date:
2018-05-25
Acceptance date:
2017-05-19
DOI:
EISSN:
1538-4616
ISSN:
0022-2879
Language:
English
Keywords:
Pubs id:
pubs:697639
UUID:
uuid:abb9885f-4a5a-45f6-86db-fb8bfd5e7dad
Local pid:
pubs:697639
Source identifiers:
697639
Deposit date:
2017-05-30

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP