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the frequency of price changes, has increased in the recent years of protracted stagnation and double-dip recession. The … Consumer Price Index. We find that both the percentage of prices adjusted monthly and the average size of the adjustment have … price adjustment mechanism: for manufactures, price cuts have become larger and more frequent, while increases are more …
Persistent link: https://www.econbiz.de/10011636792
that movements in import price inflation affect CPI inflation while the impact of movements in the common component of the …-commodity import price inflation have held down overall inflation in many countries in recent years whereas commodity import price …
Persistent link: https://www.econbiz.de/10003831786
along the border. We find large assortment and price differences between these two regions. Even within multinational retail … chains the prices of identical products on the two sides of the border differ on average by about 21%. These price … distribution networks and of the structure of the sales organization as a driver of price and inflation heterogeneity. …
Persistent link: https://www.econbiz.de/10013552597
, supply and inventory shocks. We document how gas price fluctuations have a heterogeneous pass-through to euro area prices …
Persistent link: https://www.econbiz.de/10014490358
This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed …. Each month, nearly 17 p.c. of the consumer prices change on average and the median duration of a price spell is close to 13 … timedependency exists as well. The majority of price changes are price increases, but price decreases are not uncommon, except for …
Persistent link: https://www.econbiz.de/10009636700
This paper identifies the basic features of the price setting mechanism in the Spanish economy, using a large dataset … that contains over 1.1 million price records and covers around 70% of the expenditure on the CPI basket. In particular, the … paper identifies differences in the frequency and size of price adjustments across types of products and explores how these …
Persistent link: https://www.econbiz.de/10009639476
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 frequent than price changes; the median firm reviews its price … of price reviews depends on the probability that changes in the firms’ environment occur. Coordination failure and …
Persistent link: https://www.econbiz.de/10009639484
This paper brings together empirical research on price and wage dynamics for the Portuguese economy based both on micro …
Persistent link: https://www.econbiz.de/10009640315
their price-reviewing strategies. While some firms review their prices at fixed intervals of time, others prefer to perform … price revisions in response to changes in economic conditions. In order to explain this fact, some theories have been … firms follow time-, state- or time- and state-dependent price-reviewing rules. We find that firms’ strategies vary with firm …
Persistent link: https://www.econbiz.de/10009640639
Infrequent price changes at the firm level are now well documented in the literature. However, a number of issues … remain partly unaddressed. This paper contributes to the literature on price stickiness by investigating the lags of price …
Persistent link: https://www.econbiz.de/10009640640