Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/45714 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Working Paper No. 2011:8
Verlag: 
Institute for Labour Market Policy Evaluation (IFAU), Uppsala
Zusammenfassung: 
Using data on product-level prices matched to the producing firm's unit labor cost, we reject the hyptothesis of a full and immediate pass-through of marginal cost. Since we focus on idiosyncratic variation, this does not fit the predictions of the Maćkowiak and Wiederholt (2009) version of the Rational inattention model. Neither do we find that firms react strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky information model. We find that, in line with Staggered contracts models, firms consider both the current and future expected marginal cost when setting prices with a sum of coefficients not significantly different from unity.
Schlagwörter: 
Price Setting
Business Cycles
Information
Micro Data
JEL: 
D8
E3
L16
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
333.08 kB





Publikationen in EconStor sind urheberrechtlich geschützt.