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Frase do Dia – Timothy Besley

When we study attitudes, norms, and institutions we need to do so in a way that engages with wider reflections on what matters rather than banging our heads against brick walls that we have built for ourselves. There are diverse opinions within the economics profession and there is a core group who would likely prefer to defend the traditional paradigm against some of the developments that have been highlighted here. [Besley, T. What’s the Good of the Market? An Essay on Michael Sandel’s What Money Can’t Buy. Journal of Economic Literature 2013, 51(2), 478–495 (grifos meus]

Cabeça aberta, rapaziada, cabeça aberta.

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Custos de Menu

Artigo interessante sobre o tema, aqui. Olha o resumo:

How Frequent Are Small Price Changes?

Eichenbaum, Martin, Nir Jaimovich, Sergio Rebelo, and Josephine Smith. 2014. “How Frequent Are Small Price Changes?” American Economic Journal: Macroeconomics, 6(2): 137-55.

 

Abstract

Recent empirical work suggests that small price changes are relatively common. This evidence has been used to criticize classic menu-cost models. In this paper, we use scanner data from a national supermarket chain and micro data from the Consumer Price Index to reassess the importance of small price changes. We argue that the vast majority of these changes are due to measurement error. We conclude that the evidence on the prevalence of small price changes is much too weak to be used as a litmus test of nominal rigidity models.

Ou seja, os custos de menu ainda resistem como argumento para a microfundamentação da rigidez de preços. Será?