Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279448 
Year of Publication: 
2022
Series/Report no.: 
Working Paper No. 2022-08
Publisher: 
Bar-Ilan University, Department of Economics, Ramat-Gan
Abstract: 
Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply - because constant price changes can ultimately be very, very expensive. And they should consider how to communicate those price changes to customers. Providing clarity and predictability can increase consumer trust and help firms in the long run.
Subjects: 
Inflation
Hyperinflation
Pricing
Price Setting
Price Adjustment
Menu Cost
Cost of Price Adjustment
Implicit Contract
Long-Term Relationship
JEL: 
E31
L16
M30
Document Type: 
Working Paper

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