Price duration using daily online data: Time- or state-dependent?

Using daily retail prices gathered through web scraping in Mexico, we analyse time- and state-dependent price setting rules as determinants of the duration of price spells, or the probability of price changes. Through the lens of a duration model, we find some evidence of state-dependent behaviour,...

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Bibliographic Details
Main Authors: Diego Solórzano, Lenin Arango-Castillo
Format: Article
Language:English
Published: Elsevier 2025-06-01
Series:Latin American Journal of Central Banking
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Online Access:http://www.sciencedirect.com/science/article/pii/S2666143824000206
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