Die Abkühlung des Geschäftsklimas in der Gewerblichen Wirtschaft hat sich im Februar wieder fortgesetzt. In Westdeutschland wurde mit einem Saldo von - 5,1 Prozentpunkten der niedrigste Wert seit Juli 1999 erreicht. In den neuen Bundesländern trübte sich dagegen das Klima nur leicht ein.

Die Abkühlung des Geschäftsklimas in der Gewerblichen Wirtschaft hat sich im Mai fortgesetzt. Von der Verschlechterung sind beide Teilkomponenten Lagebeurteilung und Erwartungen gleichermaßen betroffen. Eine Ende der konjunkturellen Schwächephase ist noch nicht erreicht.

What explains apparent price rigidity over the business cycle? This paper shows that price fluctuations may be hidden in prices of add ons. Using 10 years of extended warranty data from a nationwide Canadian retailer, we show that extended warranty prices respond strongly to changes in local...

How often do online retailers change prices? Are there any differences in their price rigity? I collected and analysed more than 4 million daily prices of online grocery retailers from Czechia during the unprecedented period between January 2020 and April 2021. There are substantial differences...

Do firms respond to cost shocks by reducing the quality of their products? Using microdata from a large Russian retailer that refreshes its product line twice-yearly, we document that higher quality products are more profitable than lower quality ones, but that the number of high quality...

This paper looks at the disruption in food supply chains due to COVID-19 induced economic shutdown in India. We use a novel dataset from one of the largest online grocery retailers to look at the impact on product stock-outs and prices. We find that product availability falls by 10 percent for...

How often do online retailers change prices? Are there any differences in their price rigity? I collected and analysed more than 4 million daily prices of online grocery retailers from Czechia during the unprecedented period between January 2020 and April 2021. There are substantial differences...

This paper studies how prices comove across products, firms and locations to gauge the relative importance of retailer versus manufacturer-level shocks in determining prices. I make use of a large panel data set on prices for a cross-section of retailers in the U.S. I analyze prices at the...