Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/153740
Autoren: 
Dias, Daniel
Robalo Marques, Carlos
Martins, Fernando
Santos Silva, João M. C.
Datum: 
2011
Reihe/Nr.: 
ECB Working Paper 1306
Zusammenfassung: 
Infrequent price changes at the firm level are now well documented in the literature. However, a number of issues remain partly unaddressed. This paper contributes to the literature on price stickiness by investigating the lags of price adjustments to different types of shocks. We find that adjustment lags to cost and demand shocks vary with firm characteristics, namely the firm’s cost structure, the type of pricing policy, and the type of good. We also document that firms react asymmetrically to demand and cost shocks, as well as to positive and negative shocks, and that the degree and direction of the asymmetry varies across firms.
Schlagwörter: 
Firm heterogeneity
Panel-ordered probit
real rigidities
survey data
JEL: 
C41
D40
E31
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.21 MB





Publikationen in EconStor sind urheberrechtlich geschützt.