• Abstract
  • Non-technical summary
  • Introduction
  • 1 Data and sample
  • 2 Price and wage adjustment: frequency,timing and interaction
  • 2.1 How often are prices and wages adjusted?
  • 2.2 The timing of adjustment
  • 2.3 The interaction between wageand price adjustment
  • 3 A fi rm level analysis of price and wagepolicies in a multivariate framework
  • 3.1 Ordered probit estimation
  • 3.2 Disentangling the simultaneousrelationship of price and wage rigidity
  • 4 Conclusions
  • Appendices
  • References
  • European Central Bank Working Paper Series