Apel, Mikael; Friberg, Richard; Hallsten, Kerstin - In: Journal of Money, Credit and Banking 37 (2005) 2, pp. 313-38
This paper presents the results of a survey on price-setting behavior conducted on a large random sample of Swedish firms. The median firm adjusts the price once a year. State- and time-dependent price setting are about equally important. The four highest-ranked explanations for price rigidity...