In the recent New Keynesian literature a standard assumption is that the price for which an intermediate good is sold … that this need not to hold. This paper introduces price bargaining into an otherwise standard New Keynesian DSGE model and … ; Price Bargaining. …

It is important to understand how companies set prices, since price-setting behaviour plays a key role in the monetary … companies directly about how they set prices. This paper reviews the results of a new survey of the price-setting behaviour by … firm changing price only once per year, but the frequency with which companies changed their prices varied considerably …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are … European Central Bank's Inflation Persistence Network. -- Price Rigidity ; Price Flexibility ; Cost of Price Adjustment ; Menu … Cost ; Managerial and Customer Cost of Price Adjustment ; Pricing ; Price System ; Price Setting ; New Keynesian Economics …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …

This paper compares sticky-price and sticky-information model under a more general staggering price-setting scheme … that, without strategic complementarity in the price-setting, two models generate similar inflation dynamics. The … distribution of price durations dominates the shape of impulse response in both models. Furthermore, with strategic complementarity …

the steady-state distribution of price adjustments in microdata; realism calls for firm-specific shocks. Computing a …