We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … statedependent price adjustment. Most importantly, the differences in “unconditional” sectoral price flexibility are found to be … data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …-dependent price adjustment. Most importantly, the differences in ?unconditional? sectoral price flexibility are found to be linked to … data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state …

In this paper we do a statistical analysis of the Mexican Consumer Price Index microdata set to characterize the … rigidities of the price setting process in the different sectors of the Mexican economy. The microdata set goes from July 2002 to … December 2009. Broadly, results show that there exists a considerable heterogeneity in the price setting behavior across …

nominal and real factors in price rigidity. Using two rich datasets consisting of a large fraction of the price quotes used to … compute the Belgian and French Consumer Price Indices, we are able to evaluate, the importance of the menu costs and to …. We find that infrequent price changes are not necessarily associated with large menu costs. Indeed, real rigidities …

into a ‘real part’ due to the changes in quantities and an inflation due to the changes of prices. Examples are: real … large number of formulas for price and quantity indexes that have been proposed. The theories that have been developed to …

activities by facilitating more flexible organisational structures in firms. We distinguish between functional flexibility (the … ability of workers to co-operate and take decentralised decisions) and numerical flexibility (the reduction of fixed costs …, mainly due to outsourcing business processes). Our results from a large and representative data set of firms in Germany show …

This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …

; and, when prices and wages are not reoptimized, they can be partially adjusted to previous-period aggregate inflation. The … joint dynamics of inflation and labor share. This function summarizes the cross-equation restrictions between the model and …

. Without actually estimating menu costs, we can infer their relevance for firms' price setting decisions from observed pricing … behavior around a currency changeover. At a currency changeover, firms have to reprint their price tags (menus) independently … of whether or not they want to change prices. And if this is costly, firms' price setting behavior is altered in the …