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Balassa-Samuelson Meets South Eastern Europe, the CIS and Turkey : A Close Encounter of the Third Kind?
Égert, Balázs - 2006
), two accession countries (Croatia and Turkey) and two CIS countries (Russia and Ukraine). The paper first studies the basic … attenuation, implying that any increase in the open sector's productivity feeds onto changes in the relative price of non …
Persistent link: https://www.econbiz.de/10014058082
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Digitalisation : channels, impacts and implications for monetary policy in the euro area
2021
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the … spread of digital technologies the productivity slowdown would have been even more pronounced, and the recent acceleration in …
Persistent link: https://www.econbiz.de/10012626753
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Consumer price adjustment under the microscope: Germany in a period of low inflation
Hoffmann, Johannes; Kurz-Kim, Jeong-Ryeol - 2006
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state-dependent price adjustment. Most importantly, the...
Persistent link: https://www.econbiz.de/10010295804
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Consumer price adjustment under the microscope: Germany in a period of low inflation
Hoffmann, Johannes; Kurz-Kim, Jeong-Ryeol - 2006
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and statedependent price adjustment. Most importantly, the...
Persistent link: https://www.econbiz.de/10011604698
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Asymmetric Price Adjustment in the Small
Chen, Haipeng (Allan); Levy, Daniel; Ray, Sourav; … - In: Journal of Monetary Economics 55 (2008) 4, pp. 728-737
Analyses of a large retail scanner price data set reveal a new and surprising regularity – small price increases occur more frequently than small price decreases for price changes of up to 10¢. That is, we find asymmetric price adjustment “in the small.” Furthermore, it turns out that...
Persistent link: https://www.econbiz.de/10012140646
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The working capital channel
Suveg, Melinda - 2023
Persistent link: https://www.econbiz.de/10014542152
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Market concentration and producer prices
Torun, Huzeyfe; Yassa, Ahmet Duhan - In: Central Bank Review (CBR) 23 (2023) 1, pp. 1-14
This study investigates the role of sectoral market structure in the inflationary dynamics of the domestic producer prices (D-PPI) in Türkiye. We start by reporting the fact that industries with intense competition had lower producer price inflation compared to industries with low-competition...
Persistent link: https://www.econbiz.de/10014547758
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Energy, inflation and market power: Excess pass-through in France
Arquié, Axelle; Thie, Malte - 2023
We explore how, in the French manufacturing sector, producer prices vary with market power during a severe episode of energy price hikes (between January 2020 and February 2023). Our work provides some empirical evidence in favor of a role for firms' market power in explaining inflation, and in...
Persistent link: https://www.econbiz.de/10014331147
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Market structure and cost pass-through in retail
Hong, Gee Hee; Li, Nicholas - 2013
We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. To answer this question, we use scanner data from a large U.S. retailer to estimate product level pass-through for three different vertical structures: national brands,...
Persistent link: https://www.econbiz.de/10009714472
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On the importance of sales for aggregate price flexibility
Kryvtsov, Oleksiy; Vincent, Nicolas - 2014
Macroeconomists have traditionally ignored the behavior of temporary price markdowns ("sales") by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out. We challenge this view. First, using the 1996 -...
Persistent link: https://www.econbiz.de/10010418254