On quality and variety bias in aggregate prices

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 whe...

Full beskrivning

Bibliografiska uppgifter
Huvudupphovsmän: Zanetti, F, Hamano, M
Materialtyp: Journal article
Språk:English
Publicerad: Wiley 2018