Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/185917
Authors: 
Kaufmann, Daniel
Year of Publication: 
2009
Citation: 
[Journal:] Swiss Journal of Economics and Statistics [ISSN:] 2235-6282 [Volume:] 145 [Year:] 2009 [Issue:] 3 [Pages:] 293-349
Abstract: 
This paper investigates the price setting behaviour of firms based on the individual price quotes underlying the Swiss consumer price index. The data set covers the years from 1993 to 2005. Six main findings emerge from the analysis. (i) Prices are sticky. (ii) The price setting behavior is heterogeneous across sectors and outlet characteristics. (iii) Price changes are sizeable. (iv) There is no indication of general downward price stickiness. (v) Firms respond to expected cost shocks at the date of their occurrence. (vi) There is some evidence that firms adjust their behaviour according to the state of the economy.
Subjects: 
CPI data
price-setting
frequency of price changes
nominal price rigidity
time-dependent pricing
state-dependent pricing
JEL: 
E31
D40
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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