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Regular adjustment : theory and practice

Konieczny, Jerzy Jurek D. (contributor); … - 2006

We ask why, in many circumstances and many environments, decision-makers choose to act on a time-regular basis (e.g. adjust every six weeks) or on a stateregular basis (e.g. set prices ending in a 9), even though such an approach appears suboptimal. The paper attributes regular behaviour to...

Persistent link: https://www.econbiz.de/10003358664

The impact of reference norms on inflation persistance when wages are staggered

Knell, Markus; Stiglbauer, Alfred - 2009

wages in Austria from 1980 to 2006 we show that wage-setting is strongly influenced by reference norms, that the wages of …

Persistent link: https://www.econbiz.de/10003832631

Changes in the Austrian structure of wages, 1996-2002 : evidence from linked employer-employee data

Pointner, Wolfgang; Stiglbauer, Alfred - 2010

Analyzing data from the Structure of Earnings Surveys we find that wage dispersion in Austria increased marginally …

Persistent link: https://www.econbiz.de/10008728753

Firms' reactions to the crisis and their consequences for the labour market : results of a company survey conducted in Austria

Kwapil, Claudia - 2010

2008/2009 hit Austria, and the second was conducted in 2009 shortly after the trough of it. We analyse firms’ reactions to … nominal wage rigidities in Austria. Instead of wage cuts, firms preferred to reduce working hours and to dismiss employees. We … dismissing employees. However, the force of the shock by which an individual firm is hit (during the 2008/2009 recession) does …

Persistent link: https://www.econbiz.de/10008746575

Micro and macro data : a comparison of the Household Finance and Consumption Survey with financial accounts in Austria

Andreasch, Michael; Lindner, Peter - 2014

Persistent link: https://www.econbiz.de/10010382061

The price-setting behavior of Austrian firms : some survey evidence

Kwapil, Claudia (contributor); … - 2005

This paper explores the price-setting behavior of Austrian firms based on survey evidence. Our main result is that customer relationships are a major source of price stickiness in the Austrian economy. We also find that the majority of firms in our sample follows a timedependent pricing...