Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153040
Authors: 
Dias, Daniel
Robalo Marques, Carlos
Santos Silva, João M. C.
Year of Publication: 
2006
Series/Report no.: 
ECB Working Paper 606
Abstract: 
In this paper we critically reappraise some measures of the importance of time-dependent price setting rules and propose an alternative way to gauge the significance of this type of price setting behaviour. The merits of the proposed measure are highlighted in an application using micro-data. Our results suggest that a large proportion of price trajectories may be compatible with simple time-dependent price setting mechanisms but the strength of this evidence very much depends on the way that is used to evaluate the importance of this type of behaviour.
Subjects: 
perfect synchronization
Time-dependent price setting models
uniform staggering
JEL: 
D40
E31
L11
Document Type: 
Working Paper

Files in This Item:
File
Size
442.36 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.