<div class="csl-bib-body">
<div class="csl-entry">Budianto, F. (2024, October 30). <i>Shrinkflation</i> [Presentation]. Macro Research Seminar, München, Germany.</div>
</div>
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dc.identifier.uri
http://hdl.handle.net/20.500.12708/206103
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dc.description.abstract
This paper studies the macroeconomic relevance of product size adjustment - changes in products' weight or volume - using U.K. CPI price microdata from 2012-2023: (i) Product size is relevant for 35% of the CPI. (ii) Each month, up to 0.7% of goods undergo size changes (up to 3% in the Food sector or 60% for products like chocolate). (iii) 80% of adjustments are size reductions, with 90% of them being "downgrades", i.e., raising the unit price. (iv) Size reductions and downgrades are strongly procyclical. Size increases and upgrades are acyclical. (v) Nominal price and product size adjustment are largely unrelated.
en
dc.description.sponsorship
Österreichische Nationalbank, Jubiläumsfonds
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dc.description.sponsorship
Österreichische Nationalbank, Jubiläumsfonds
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dc.language.iso
en
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dc.subject
inflation
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dc.subject
aggregate price dynamics
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dc.subject
product size adjustment
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dc.subject
shrinkflation
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dc.title
Shrinkflation
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dc.type
Presentation
en
dc.type
Vortrag
de
dc.relation.grantno
18611
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dc.relation.grantno
18915
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dc.type.category
Presentation
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tuw.publication.invited
invited
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tuw.project.title
Should central banks modify their inflation targeting framework when agents are boundedly rational?
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tuw.project.title
Die Rolle der sich verändernden Marktstruktur für die aktuelle Inflationsdynamik und Geldpolitik
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tuw.researchTopic.id
A4
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tuw.researchTopic.id
C6
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tuw.researchTopic.name
Mathematical Methods in Economics
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tuw.researchTopic.name
Modeling and Simulation
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tuw.researchTopic.value
70
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tuw.researchTopic.value
30
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tuw.publication.orgunit
E105-03 - Forschungsbereich Ökonomie
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tuw.event.name
Macro Research Seminar
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tuw.event.startdate
30-10-2024
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tuw.event.enddate
30-10-2024
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tuw.event.online
On Site
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tuw.event.type
Event for scientific audience
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tuw.event.place
München
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tuw.event.country
DE
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tuw.event.institution
LMU München
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tuw.event.presenter
Budianto, Flora
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wb.sciencebranch
Wirtschaftswissenschaften
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wb.sciencebranch.oefos
5020
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wb.sciencebranch.value
100
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item.languageiso639-1
en
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item.openairetype
conference presentation
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item.grantfulltext
none
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item.fulltext
no Fulltext
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item.cerifentitytype
Publications
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item.openairecristype
http://purl.org/coar/resource_type/R60J-J5BD
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crisitem.author.dept
E105-03 - Forschungsbereich Ökonomie
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crisitem.author.parentorg
E105 - Institut für Stochastik und Wirtschaftsmathematik
