relating the probability of price adjustment and price updating, respectively, to both time- and state- dependent variables … well as firm-specific factors are significantly related to the timing of price adjustment. These findings imply that price … setting models should endogenize the timing of price adjustment in order to generate realistic predictions concerning the …

fraction of price adjustment (extensive margin) is important for aggregate inflation dynamics. Moreover, at the business cycle …

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 quot;unconditionalquot; sectoral price flexibility are found to be …

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 …

-dependent effect is so strong and cost and price increases are so weak in the observed period that adjustment occurs before the sticky …

adjustment occurs before the sticky price sufficiently deviates from the flexible price, as traditional menu cost models assume …