This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed …. Each month, nearly 17 p.c. of the consumer prices change on average and the median duration of a price spell is close to 13 … timedependency exists as well. The majority of price changes are price increases, but price decreases are not uncommon, except for …

This paper identifies the basic features of the price setting mechanism in the Spanish economy, using a large dataset … that contains over 1.1 million price records and covers around 70% of the expenditure on the CPI basket. In particular, the … paper identifies differences in the frequency and size of price adjustments across types of products and explores how these …

price-setting behavior of French manufacturing companies. Prices are found to adjust infrequently; the median firm modifies … its price only once a year. Price reviews are more frequent than price changes; the median firm reviews its price … of price reviews depends on the probability that changes in the firms’ environment occur. Coordination failure and …

This paper brings together empirical research on price and wage dynamics for the Portuguese economy based both on micro …

their price-reviewing strategies. While some firms review their prices at fixed intervals of time, others prefer to perform … price revisions in response to changes in economic conditions. In order to explain this fact, some theories have been … firms follow time-, state- or time- and state-dependent price-reviewing rules. We find that firms’ strategies vary with firm …

Infrequent price changes at the firm level are now well documented in the literature. However, a number of issues … remain partly unaddressed. This paper contributes to the literature on price stickiness by investigating the lags of price …