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http://hdl.handle.net/10419/19630
  

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dc.contributor.authorÁlvarez, Luis J.en_US
dc.contributor.authorDhyne, Emmanuelen_US
dc.contributor.authorHoeberichts, Marcoen_US
dc.contributor.authorKwapil, Claudiaen_US
dc.contributor.authorLe Bihan, Hervéen_US
dc.contributor.authorLünnemann, Patricken_US
dc.contributor.authorMartins, Fernandoen_US
dc.contributor.authorSabbatini, Robertoen_US
dc.contributor.authorStahl, Haralden_US
dc.contributor.authorVermeulen, Philipen_US
dc.contributor.authorVilmunen, Juokoen_US
dc.date.accessioned2009-01-28T16:01:35Z-
dc.date.available2009-01-28T16:01:35Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19630-
dc.description.abstractThis paper presents original evidence on price setting in the euro area at the individual level. We use micro data on consumer (CPI) and producer (PPI) prices, as well as survey information. Our main findings are: (i) prices in the euro area are sticky and more so than in the US; (ii) there is evidence of heterogeneity and of asymmetries in price setting behaviour; (iii) downward price rigidity is only slightly more marked than upward price rigidity and (iv) implicit or explicit contracts and coordination failure theories are important, whereas menu or information costs are judged much less relevant by firms.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,02en_US
dc.subject.jelE31en_US
dc.subject.jelD40en_US
dc.subject.jelC25en_US
dc.subject.ddc330en_US
dc.subject.keywordPrice settingen_US
dc.subject.keywordPrice stickinessen_US
dc.subject.keywordConsumer pricesen_US
dc.subject.keywordProducer pricesen_US
dc.subject.keywordsurvey dataen_US
dc.subject.stwPreisrigiditäten_US
dc.subject.stwBetriebliche Preispolitiken_US
dc.subject.stwPreisniveauen_US
dc.subject.stwEU-Staatenen_US
dc.titleSticky prices in the euro area: a summary of new micro evidenceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn507600010en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:4239-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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