Global economic crises can have a significant impact on businesses across different sectors, often leading to difficulties or even insolvency. In such a situation, organizational resilience is often considered a means to ensure the competitive advantage. Although the concept has gained...

This paper documents patterns of price setting at the retail level in the euro area, summarized in six stylized facts. First, the average euro area monthly frequency of price adjustment is 15 p.c., compared to about 25 p.c. in the US. Second, the frequency of price changes is characterized by...