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Price setting and price adjustment in some European Union countries: Introduction to the special issue

Levy, Daniel; Smets, Frank - 2010

European Central Bank's Inflation Persistence Network. …

Persistent link: https://www.econbiz.de/10010336066

Asymmetric Price Adjustment in the Small

Chen, Haipeng (Allan); Levy, Daniel; Ray, Sourav; … - In: Journal of Monetary Economics 55 (2008) 4, pp. 728-737

the small.” Furthermore, it turns out that inflation offers only a partial explanation for the finding. Indeed …, substantial proportion of the asymmetry remains unexplained, even after accounting for the inflation. For example, the asymmetry … holds also after excluding periods of inflation from the data, and even for products whose price had not increased. The …

Persistent link: https://www.econbiz.de/10012140646

Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence," by Fabiani, S., et al. (2004)

Levy, Daniel - 2004

the Inflation Persistence Network (IPN) Conference on "Inflation Persistence in the Euro Area," European Central Bank …

Persistent link: https://www.econbiz.de/10015226668

Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence," by Fabiani, S., et al. (2004)

Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2004

the Inflation Persistence Network (IPN) Conference on "Inflation Persistence in the Euro Area," European Central Bank …

Persistent link: https://www.econbiz.de/10005789749

Price Rigidity and Flexibility: Recent Theoretical Developments

Levy, Daniel - 2007

The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...

Persistent link: https://www.econbiz.de/10015224825

Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue

Levy, Daniel; Smets, Frank - 2010

European Central Bank’s Inflation Persistence Network. …

Persistent link: https://www.econbiz.de/10015224831

Price Rigidity and Flexibility: New Empirical Evidence

Levy, Daniel - 2007

The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...

Persistent link: https://www.econbiz.de/10015224834

Shrinking Goods and Sticky Prices: Theory and Evidence

Snir, Avichai; Levy, Daniel - 2011

If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...

Persistent link: https://www.econbiz.de/10015226027

Asymmetric Price Adjustment in the Small

Levy, Daniel; Chen, Haipeng; Ray, Sourav; Bergen, Mark - 2006

inflation can explain some of the asymmetry, inflation is not the whole story as the asymmetry holds even after excluding … hold for different measures of inflation and also after allowing for lagged price adjustments. We offer a consumer …

Persistent link: https://www.econbiz.de/10015253630

Shrinking Goods

Levy, Daniel; Snir, Avichai - 2013

If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices don't change. We study a situation where producers adjust the quantity per...

Persistent link: https://www.econbiz.de/10010435128