Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82483
Authors: 
Apel, Mikael
Friberg, Richard
Hallsten, Kerstin
Year of Publication: 
2001
Series/Report no.: 
Sveriges Riksbank Working Paper Series 128
Abstract: 
This paper reports the results from a survey on price-setting behavior of a large random sample of Swedish firms. Prices are found to adjust only infrequently; the median firm adjusts the price once a year. State-dependent pricing is found to be more common than is usually assumed and at least as important as time-dependent pricing. The paper sums up the evidence from this and two similar large-scale surveys on UK and US data. Notably, and suggesting directions for further research, four of the theories of price rigidity are ranked by the respondents among the top-five places in all three studies.
Subjects: 
Nominal rigidity
Price-rigidity
Price-setting
Real rigidity
Time-dependent pricing
State-dependent pricing
JEL: 
D40
E30
L11
Document Type: 
Working Paper

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