@techreport{Hoffmann2006Consumer,
abstract = {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 differences in ?unconditional? sectoral price flexibility are found to be linked to input price volatility.},
author = {Johannes Hoffmann and Jeong-Ryeol Kurz-Kim},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D43; E31; L11; 330; price rigidity; price flexibility; Consumer Price Index; Germany; Lebenshaltungsindex; Preisrigidit\"{a}t; Preis; Flexibilit\"{a}t; Inflation; Deutschland},
language = {eng},
number = {2006,16},
title = {Consumer price adjustment under the microscope: Germany in a period of low inflation},
type = {Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank},
url = {http://hdl.handle.net/10419/19644},
year = {2006}
}
