Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19680 
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dc.contributor.authorVermeulen, Philipen
dc.contributor.authorGautier, Erwanen
dc.contributor.authorStahl, Haralden
dc.contributor.authorDossche, Maartenen
dc.contributor.authorSabbatini, Robertoen
dc.contributor.authorDias, Danielen
dc.contributor.authorHernando, Ignacioen
dc.date.accessioned2009-01-28T16:01:57Z-
dc.date.available2009-01-28T16:01:57Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2007,03en
dc.subject.jelE31en
dc.subject.jelD40en
dc.subject.jelC25en
dc.subject.ddc330en
dc.subject.keywordPrice-settingen
dc.subject.keywordproducer pricesen
dc.subject.stwBetriebliche Preispolitiken
dc.subject.stwVerarbeitendes Gewerbeen
dc.subject.stwIndustriepreisindexen
dc.subject.stwPreisrigiditäten
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.subject.stwFrankreichen
dc.subject.stwItalienen
dc.subject.stwBelgienen
dc.subject.stwPortugalen
dc.titlePrice setting in the euro area: some stylised facts from individual producer price data-
dc.typeWorking Paperen
dc.identifier.ppn52619555Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:5444en

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