Using a large panel of quarterly firm survey data from 1984 to 2007, which allow changes in firms' prices to be linked to several firm-specific variables, this paper finds that state-dependent pricing is clearly important in a low inflation environment and that variables measuring the current...

In this paper we propose a straightforward method to derive a non-accelerating inflation capacity utilisation rate (NAICU) based on micro data. We condition the current capacity utilisation of firms on their current and planned price adjustments. The non-accelerating inflation capacity...

This paper analyses the interplay of capacity utilisation, capacity constraints, demand constraints and price adjustments, employing a unique firm-level data set for Swiss manufacturing firms. Theoretically, capacity constraints limit the ability of firms to expand production in the short run...