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http://hdl.handle.net/10419/19680
  

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dc.contributor.authorVermeulen, Philipen_US
dc.contributor.authorGautier, Erwanen_US
dc.contributor.authorStahl, Haralden_US
dc.contributor.authorDossche, Maartenen_US
dc.contributor.authorSabbatini, Robertoen_US
dc.contributor.authorDias, Danielen_US
dc.contributor.authorHernando, Ignacioen_US
dc.date.accessioned2009-01-28T16:01:57Z-
dc.date.available2009-01-28T16:01:57Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/19680-
dc.description.abstractThis paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies use monthly producer price data. The following five stylised facts emerge consistently across countries. First, producer prices change infrequently : each month around 21% of prices change. Second, there is substantial cross-sector heterogeneity in the frequency of price changes: prices change very often in the energy sector, less often in food and intermediate goods and least often in nondurable non- food and durable goods. Third, countries have a similar ranking of industries in terms of frequency of price changes. Fourth, there is no evidence of downward nominal rigidity: price changes are for about 45% decreases and 55% increases. Fifth, price changes are sizeable compared to the inflation rate. The paper also examines the factors driving producer price changes. It finds that costs structure, competition, seasonality, inflation and attractive pricing all play a role in driving producer price changes. In addition producer prices tend to be more flexible than consumer prices.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2007,03en_US
dc.subject.jelE31en_US
dc.subject.jelD40en_US
dc.subject.jelC25en_US
dc.subject.ddc330en_US
dc.subject.keywordPrice-settingen_US
dc.subject.keywordproducer pricesen_US
dc.subject.stwBetriebliche Preispolitiken_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwIndustriepreisindexen_US
dc.subject.stwPreisrigiditäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwFrankreichen_US
dc.subject.stwItalienen_US
dc.subject.stwBelgienen_US
dc.subject.stwPortugalen_US
dc.titlePrice setting in the euro area: some stylised facts from individual producer price dataen_US
dc.typeWorking Paperen_US
dc.identifier.ppn52619555Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:5444-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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