This paper summarises the vast evidence on micro price-setting recently obtained for euro area countries. We consider studies with micro data on consumer and producer prices, as well as survey information. The main findings are: (1) prices in the euro area are sticky and stickier than in the US;...

This paper presents new evidence on the formation of producer prices based on a onetime survey that was conducted on a sample of 1200 German firms in manufacturing in June 2004. Most of the firms have price-setting power and apply mark-up pricing. Indexation is negligible. Fixed nominal...

Price setting in German metal-working industries is analysed using a monthly panel of individual price data for more than 2,000 plants covering the period from 1980 to 2001. Motivated by several models in the literature, a duration model is estimated. Price changes can be explained by a...

The recent burst of the house price bubble in the United States and its spillover effects on real economies worldwide has rekindled the interest in the role of housing in the business cycle. In this paper, we investigate the relationships between housing cycles among the four major euro area...

Ein Schlüsselfaktor für das wirtschaftliche Wachstum und für die internationale Wettbewerbsfähigkeit der deutschen Wirtschaft bilden die Innovationsanstrengungen der Unternehmen. Durch die Globalisierung der Märkte wird die Fähigkeit, neue Produkte, neue technische Verfahren und Ideen...

Im Zuge der Umstrukturierung der ostdeutschen Wirtschaft verringerte sich die Produktion in den neuen Bundesländern im Zeitraum von 1989 bis 1991 um über 42 Prozent. Auch 1992 war der Schrumpfungsprozeß noch nicht abgeschlossen und führte weiterhin zu einem starken Beschäftigungsabbau sowie...

R&D expenditures of firms varies vastly between and within industries. In recent years a lot of theoretical and empirical studies attempted to explain the distribution of R&D expenditures. Four main factors repeatedly appeared in this literature: Firm size, market power, appropriability and...