Price Behavior in an Inflationary Environment: Evidence from Supermarket Data

Borradores de Economia
Number: 
138
Published: 
Classification JEL: 
E30
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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This paper analyzes several important aspects of price behavior using disaggregated weekly data on prices of supermarket products in Colombia between 1991 and 1994. The analysis shows that despite high and persistent rates of inflation in the economy, pri