This paper takes the locally collected price-quotes used to construct the CPI index in the UK for the period 1996-2013 to explore the impact of the crisis on the pricing behavior of firms. We develop a time-series framework which is able to capture the link between macro- economic variables (in?ation and output) and the behavior of prices in terms of the frequency of price change, the dispersion of price levels and the dispersion of price-growth. Whilst these effects are present, they are small and do not have significant effects for monetary policy.

中文翻译：

---

2008 年危机对英国价格的影响：我们可以从 CPI 微观数据中学到什么

本文以英国1996-2013年用于构建CPI指数的当地收集的价格报价为例，探讨危机对企业定价行为的影响。我们开发了一个时间序列框架，它能够捕捉宏观经济变量（通货膨胀和产出）与价格行为之间的联系，包括价格变化的频率、价格水平的离散程度和价格的离散程度。 -生长。虽然这些影响存在，但它们很小，对货币政策没有显着影响。