Dias, DanielMarques, Carlos RobaloSilva, João Santos2022-03-112022-03-112006Dias, Daniel. Carlos Robalo Marques e João Santos Silva (2006). "Measuring the importance of the uniform nonsynchronization hypothesis". Banco de Portugal. Economic and Research Department. Working Papers nº 2 | 2006http://hdl.handle.net/10400.5/23763In this paper we critically reappraise some measures of the importance of time- dependent price setting rules and propose an alternative way to gauge the signi - cance of this type of price setting behaviour. The merits of the proposed measure are highlighted in an application using micro-data. Our results suggest that a large proportion of price trajectories may be compatible with simple time-dependent price setting mechanisms but the strength of this evidence very much depends on the way that is used to evaluate the importance of this type of behaviour.engTime-Dependent Price Setting ModelsUniform StaggeringPerfect Synchronizationworking paper