Economics & Finance / Macroeconomics / Inflation & Monetary Policy
Why Canadian Prices Were Sticky for 100 Years: The Shocking Truth About Nominal Rigidities
Forget everything you think you know about how prices change. A groundbreaking study by Ross D. Hickey and David S. Jacks, published as a working paper, dives into over 230,000 monthly price observations from 50 Canadian cities across 100 years. This video reveals the hidden forces behind nominal rigidities—why prices don't always move when they should—and how retail price dispersion has evolved in unexpected ways. From the Great Depression to World Wars, we uncover the real drivers of market integration and the surprising link between price stickiness and geographic price gaps. By the end, you'll understand why your grocery bill isn't as random as it seems, and how economic shocks shape the prices you pay every day. Perfect for economics nerds and curious minds alike.
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