Journal Article
The internationalization of the beer brewing industry
Karrenbrock, Jeffrey D. (1990-11)
Review , Issue Nov , Pages 3-19

Report
A framework for identifying the sources of local currency price stability with an empirical application
Hellerstein, Rebecca; Goldberg, Pinelopi K. (2007)
The inertia of traded goods' local currency prices in the face of exchange rate changes is a well-documented phenomenon in the field of international economics. This paper develops a framework for identifying the sources of local currency price stability. The empirical approach exploits manufacturers' and retailers' first-order conditions, in conjunction with detailed information on the frequency of price adjustments in response to exchange rate changes, to quantify the relative importance of fixed costs of repricing, local-cost nontraded components, and markup adjustment by manufacturers and ...
Staff Reports , Paper 287

Journal Article
Sticky prices: why firms hesitate to adjust the price of their goods
Hellerstein, Rebecca; Goldberg, Pinelopi K. (2007-11)
Price stickiness?the tendency of prices to remain constant despite changes in supply and demand?has been linked to firms? unwillingness to pay the costs entailed in setting, implementing, and advertising new prices. However, there is little consensus on the size and importance of these ?repricing costs.? Taking the imported beer market as their subject, the authors of this study find repricing costs to be markedly higher for manufacturers than for retailers and conclude that, at the wholesale level, these costs are a significant deterrent to price adjustment.
Current Issues in Economics and Finance , Volume 13 , Issue Nov