Goette, Lorenz; Minsch, Rudolf; Tyran, Jean-Robert - Økonomisk Institut, Københavns Universitet - 2005
We use a unique panel data set to analyze price setting in restaurants in Switzerland 1977-93, for items known to have sticky prices. The macroeconomic environment during this time period allows us to examine how firms adjust prices at low (0%) and fairly high (7%) inflation. Our results...