The Impact of Technology on Regional Price Dispersion in the US
We analyze the behavior of inflation in the era of fast pace information thanks to technological advances, especially internet. Owing to readily available information, prices/inflation should quickly converge under perfect competition. To this end, we explore the possibility of price convergence in...
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| المؤلف الرئيسي: | |
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| التنسيق: | article |
| منشور في: |
2021
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| الموضوعات: | |
| الوصول للمادة أونلاين: | http://hdl.handle.net/11073/23890 |
| الوسوم: |
إضافة وسم
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| _version_ | 1864513436603383808 |
|---|---|
| author | Genc, Ismail |
| author_facet | Genc, Ismail |
| author_role | author |
| dc.creator.none.fl_str_mv | Genc, Ismail |
| dc.date.none.fl_str_mv | 2021 2022-05-25T09:21:42Z 2022-05-25T09:21:42Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | Genc, I. H. (2021). The impact of technology on regional price dispersion in the US. Technological and Economic Development of Economy, 27(6), 1281-1300. https://doi.org/10.3846/tede.2021.15238 2029-4913 http://hdl.handle.net/11073/23890 10.3846/tede.2021.15238 |
| dc.language.none.fl_str_mv | en_US |
| dc.publisher.none.fl_str_mv | VGTU |
| dc.relation.none.fl_str_mv | https://doi.org/10.3846/tede.2021.15238 |
| dc.subject.none.fl_str_mv | Inflation differentials Inflation persistence Convergence Technology Structural break |
| dc.title.none.fl_str_mv | The Impact of Technology on Regional Price Dispersion in the US |
| dc.type.none.fl_str_mv | Peer-Reviewed Published version info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | We analyze the behavior of inflation in the era of fast pace information thanks to technological advances, especially internet. Owing to readily available information, prices/inflation should quickly converge under perfect competition. To this end, we explore the possibility of price convergence in regional inflation in the USA including the permanency of such a phenomenon if observed, a concern for monetary policy makers. Empirically, we analyze standard deviation of regional inflation with special attention to technology. We show that standard deviation of inflation is not constant over time, but not necessarily ever-declining. Technology seems to help reduce price dispersion across regions. |
| format | article |
| id | aus_9cd1ee472b2d6d462f8dbabee4134476 |
| identifier_str_mv | Genc, I. H. (2021). The impact of technology on regional price dispersion in the US. Technological and Economic Development of Economy, 27(6), 1281-1300. https://doi.org/10.3846/tede.2021.15238 2029-4913 10.3846/tede.2021.15238 |
| language_invalid_str_mv | en_US |
| network_acronym_str | aus |
| network_name_str | aus |
| oai_identifier_str | oai:repository.aus.edu:11073/23890 |
| publishDate | 2021 |
| publisher.none.fl_str_mv | VGTU |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | The Impact of Technology on Regional Price Dispersion in the USGenc, IsmailInflation differentialsInflation persistenceConvergenceTechnologyStructural breakWe analyze the behavior of inflation in the era of fast pace information thanks to technological advances, especially internet. Owing to readily available information, prices/inflation should quickly converge under perfect competition. To this end, we explore the possibility of price convergence in regional inflation in the USA including the permanency of such a phenomenon if observed, a concern for monetary policy makers. Empirically, we analyze standard deviation of regional inflation with special attention to technology. We show that standard deviation of inflation is not constant over time, but not necessarily ever-declining. Technology seems to help reduce price dispersion across regions.VGTU2022-05-25T09:21:42Z2022-05-25T09:21:42Z2021Peer-ReviewedPublished versioninfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfGenc, I. H. (2021). The impact of technology on regional price dispersion in the US. Technological and Economic Development of Economy, 27(6), 1281-1300. https://doi.org/10.3846/tede.2021.152382029-4913http://hdl.handle.net/11073/2389010.3846/tede.2021.15238en_UShttps://doi.org/10.3846/tede.2021.15238oai:repository.aus.edu:11073/238902024-08-22T11:42:24Z |
| spellingShingle | The Impact of Technology on Regional Price Dispersion in the US Genc, Ismail Inflation differentials Inflation persistence Convergence Technology Structural break |
| status_str | publishedVersion |
| title | The Impact of Technology on Regional Price Dispersion in the US |
| title_full | The Impact of Technology on Regional Price Dispersion in the US |
| title_fullStr | The Impact of Technology on Regional Price Dispersion in the US |
| title_full_unstemmed | The Impact of Technology on Regional Price Dispersion in the US |
| title_short | The Impact of Technology on Regional Price Dispersion in the US |
| title_sort | The Impact of Technology on Regional Price Dispersion in the US |
| topic | Inflation differentials Inflation persistence Convergence Technology Structural break |
| url | http://hdl.handle.net/11073/23890 |