The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications
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We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective" prices) in a dataset containing prices and quantities sold for numerous retailers across a variety of U.S. metropolitan areas. Both the frequency and size of sales fall when local
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美国国家经济研究局创建时间：
2012-08-01
