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Marco Errico · Danial Lashkari

Errico and Lashkari address two intertwined problems in the measurement of aggregate price indices: how to account for quality change and variety entry/exit when the demand system is not CES, and how …

Emmanuel Dhyne · Ayumu Ken Kikkawa · Toshiaki Komatsu · Magne Mogstad · Felix Tintelnot

Layer 1 — Overview Research Question. The paper asks three related questions in the context of Belgium, a small open economy: (1) What do firms’ responses to demand shocks reveal about their …