Similar Search Results

The Dynamics of Gasoline Prices: Evidence from Daily French Micro Data

Gautier, E.; Le Saout, R. - Banque de France - 2012

Using millions of individual gasoline prices collected at a daily frequency, we examine the speed at which market refined oil prices are transmitted to consumer liquid fuel prices. We find that on average gasoline prices are modified once a week and the distribution of price changes displays a...

Persistent link: https://www.econbiz.de/10010541038

More Facts about Prices: France Before and During the Great Recession.

Berardi, N.; Gautier, E.; Le Bihan, H. - Banque de France - 2013

Using micro price data covering the Great Recession period, we document new facts on price rigidity in France: (i) each month, 17% of prices are changed versus 23% in the United States. When sales are excluded, only 14% of prices are modified in France versus 15% in the United States; (ii) the...

Persistent link: https://www.econbiz.de/10010816022

The Behaviour of Producer Prices: some Evidence from the French PPI Micro Data.

Gautier, E. - Banque de France - 2006

This paper provides some new empirical features on price setting behaviour for French producers using micro data underlying the producer and business-services price indices over the period 1994-2005. Some crucial methodological issues on the collection of producer prices are raised. Then, the...

Persistent link: https://www.econbiz.de/10004998846

Price Rigidity. Evidence from the French CPI Macro-Data

Baudry, L.; Le Bihan, H.; Sevestre, P.; Tarrieu, S. - Banque de France - 2004

Based upon a large fraction of the price records used for computing the French CPI, we document consumer price rigidity in France. We first provide a methodological discussion of issues involved in estimating average price duration with micro-data. The average duration of prices in the sectors...

Persistent link: https://www.econbiz.de/10005056512

Price Setting in France: new Evidence from Survey Data

Loupias, C.; Ricart, R. - Banque de France - 2004

This paper reports the results of a survey conducted by the Banque de France during winter 2003-2004 to investigate the price-setting behavior of French manufacturing companies. Prices are found to adjust infrequently; the median firm modifies its price only once a year. Price reviews are more...

Persistent link: https://www.econbiz.de/10005056534

Time-varying (S, s) band models: empirical properties and interpretation

Gautier, E.; Le Bihan, H. - Banque de France - 2009

. A recent strand of empirical work uses (S; s) models with time-varying stochastic bands to describe infrequent adjustments of prices and other variables. The present paper examines some properties of this model, which encompasses most micro-founded adjustment rules rationalizing infrequent...

Persistent link: https://www.econbiz.de/10005034722

Restaurant Prices and the Minimum Wage.

Fougère, D.; Gautier, E.; Le Bihan, H. - Banque de France - 2008

We examine the effect of the minimum wage on restaurant prices. For that purpose, we estimate a price rigidity model by exploiting a unique dataset of individual price quotes used to calculate the Consumer Price Index in France. We find a positive and significant impact of the minimum wage on...

Persistent link: https://www.econbiz.de/10005036214

Convergence of firm-level productivity, globalisation, information technology, and competition: evidence from France.

Chevalier, P-A.; Lecat, R.; Oulton, N. - Banque de France - 2009

Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries … productive. The formers’ convergence could therefore constitute an important part of productivity growth at the macroeconomic … which can explain it. Productivity convergence was stronger for labour productivity than for total factor productivity. But …

Persistent link: https://www.econbiz.de/10005034725

Demand learning and firm dynamics: evidence from exporters.

Berman, N.; Rebeyrol, V.; Vicard, V. - Banque de France - 2015

This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets they serve, and update their beliefs as noisy...

Persistent link: https://www.econbiz.de/10011272662

Economic Policy Uncertainty and Inflation Expectations.

Istrefi, K.; Piloiu, A. - Banque de France - 2014

Theory and evidence suggest that in an environment of well-anchored expectations, temporary economic news or shocks should not affect agents' expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are sensitive to...

Persistent link: https://www.econbiz.de/10010937890

1
2
3
4
5
6
7
8
9
Next
Last