Consumer price adjustment under the microscope : Germany in a period of low inflation

Johannes Hoffmann; Jeong-Ryeol Kurz-Kim

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state-dependent price adjustment. Most importantly, the differences in unconditional sectoral price flexibility are found to be linked to input price volatility.

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Year of publication:	2006
Authors:	Hoffmann, Johannes ; Kurz-Kim, Jeong-Ryeol
Publisher:	Frankfurt am Main : Dt. Bundesbank
Subject:	Deutschland \| Preisindex der Lebenshaltung \| Preisstarrheit \| Preisflexibilität
Description of contents:	Table of Contents [gbv.de] ; Description [opus.zbw-kiel.de]

Extent:	107 S. graph. Darst. b
Series:	Discussion paper / 1 / Deutsche Bundesbank ; Eurosystem. - Frankfurt, M. : Dt. Bundesbank, Press and Public Relations Div., ZDB-ID 2135950-7.
Type of publication:	Book / Working Paper
Language:	English ; German
Notes:	Literaturverz. S. 71 - 74 Zsfassung teilw. engl., dt.
ISBN:	3-86558-155-2
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003348656