months. A substantial subset of our results is compatible with state-dependent pricing, while other results suggest that some …

firms evaluate their pricing strategies and the stage in which they actually implement the price change. In 2002 most firms … supply). Real rigidities u0096 captured by the degree of market competition, customersu0092 search costs, the sensitivity of …

that there is no strong downward rigidity. Our evidence also supports the use of time and state-dependent pricing …

quarterly. Firms are found to follow either time dependent, state-dependent or both pricing rules. Moreover, the chosen interval … nominal contracts (either written or implicit) are the most important sources of price stickiness, while pricing thresholds …

.e., pricing-to-market). Using both time series and panel estimation techniques, the econometric results suggest that the pass … around 50% - 70%, while pricing-to-market has an estimated weight of between 50% - 30%. We also find some evidence of … to pricing-to-market, while euro area imports from the United States seem to be characterised by a relatively higher …

and macro data. As regards firms' pricing behaviour the most noticeable finding is that prices in Portugal are somewhat …

frequency of price changes appears to be positively affected by the market competition. Labour cost share is not found to be … firms following the investigated shocks is also affected by the level of competition. The role of collective pay agreements …