This paper presents new evidence on the formation of producer prices. The database combines a one-time survey that was conducted in June 2004 on a sample of 1200 firms in manufacturing and time series information on price adjustment of the same firms. Twenty percent of firms set prices as...

This paper summarises the vast evidence on micro price-setting recently obtained for euro area countries. We consider studies with micro data on consumer and producer prices, as well as survey information. The main findings are: (1) prices in the euro area are sticky and stickier than in the US;...

Im Zuge der Umstrukturierung der ostdeutschen Wirtschaft verringerte sich die Produktion in den neuen Bundesländern im Zeitraum von 1989 bis 1991 um über 42 Prozent. Auch 1992 war der Schrumpfungsprozeß noch nicht abgeschlossen und führte weiterhin zu einem starken Beschäftigungsabbau sowie...

This study investigates the pricing behavior of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The results, consistent across countries, show that firms operate in monopolistically competitive markets, where...