We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German … producer price index. We find a strong degree of monetary non-neutrality. After expansionary monetary policy, the mass of … additional price adjustments is economically small and the average absolute size across all price changes falls. The aggregate …

uniform (national) pricing retail chains (UP). We decompose the price changes into the regular price, the frequency, and the … size of promotions. The sale price (i.e., the price paid by consumer purchasing on “sale”) increased by 7% within two weeks … and by 2.5% within three months. We then provide an heterogeneity analysis of the regular price variation across stores …

This paper provides evidence on price rigidity at the product- and firm-level in Norway. A strong within …-firm synchronization is found supporting the theory of economies of scope in menu costs. The industry synchronization effects are found to … be larger than the benefit of responding to their competitors’ price changes. These findings have potentially important …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

reduced on 1 July 2020 and went back to their previous level on 1 January 2021. We study the price effects of the temporary … identify the causal price effects, we compare the development of prices in Germany to those in Austria. Our findings indicate … an asymmetric price response to the VAT rate cut and subsequent increase. The reduction of VAT rates led to a price …

price level. In addition to determining the usual policy functions of output, inflation, and the nominal interest rate, the … algorithm has to search for the policy function of the aggregate price and for the policy function of the firm-specific price …