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Price setting behaviour in Spain: stylised facts using consumer price micro data

Álvarez, Luis J.; Hernando, Ignacio - European Central Bank - 2004

This paper identifies the basic features of the price setting mechanism in the Spanish economy, using a large dataset that contains over 1.1 million price records and covers around 70% of the expenditure on the CPI basket. In particular, the paper identifies differences in the frequency and size...

Persistent link: https://www.econbiz.de/10004969150

Price setting behaviour in Spain: evidence from micro PPI data

Álvarez, Luis J.; Burriel, Pablo; Hernando, Ignacio - European Central Bank - 2005

This paper identifies the basic features of price setting behaviour at the producer level in the Spanish economy using a large dataset containing the micro data underlying the construction of the PPI over the period 1991-1999. It explores how these general features are affected by some specific...

Persistent link: https://www.econbiz.de/10004969162

The pricing behaviour of firms in the euro area: new survey evidence

Fabiani, Silvia; Druant, Martine; Hernando, Ignacio; … - European Central Bank - 2005

This study investigates the pricing behaviour of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The results, robust across countries, show that firms operate in monopolistically competitive markets, where...

Persistent link: https://www.econbiz.de/10004969170

Sticky prices in the euro area: a summary of new micro evidence

Álvarez, Luis J.; Dhyne, Emmanuel; Hoeberichts, Marco M.; … - European Central Bank - 2005

This paper presents original evidence on price setting in the euro area at the individual level. We use micro data on consumer (CPI) and producer (PPI) prices, as well as survey information. Our main findings are: (i) prices in the euro area are sticky and more so than in the US; (ii) there is...

Persistent link: https://www.econbiz.de/10004969178

The price setting behaviour of Spanish firms: evidence from survey data

Álvarez, Luis J.; Hernando, Ignacio - European Central Bank - 2005

This paper reports the results of a survey carried out by the Banco de España on a sample of around 2000 spanish firms to deepen the understanding of firms’ price setting behaviour. The main findings may be summarised as follows. Most Spanish firms are price setters that use predominantly...

Persistent link: https://www.econbiz.de/10004969188

Evaluating microfoundations for aggregate price regidities: evidence from matched firm-level data on product prices and unit labor cost

Carlsson, Mikael; Nordström Skans, Oskar - European Central Bank - 2009

Using data on product-level prices matched to the producing �rm�s unit labor cost, we reject the hypothesis of a full …

Persistent link: https://www.econbiz.de/10005049557

Price setting and inflation persistence: did EMU matter?

Angeloni, Ignazio; Aucremanne, Luc; Ciccarelli, Matteo - European Central Bank - 2006

Surprisingly it did not, or at least not directly. Using micro data on consumer prices and sectoral inflation rates from 6 euro area countries, spanning several years before and after the introduction of the euro, we look at whether EMU has altered the behaviour of retail price setting and/or...

Persistent link: https://www.econbiz.de/10005530893

Price setting behaviour in the Netherlands: results of a survey

Stokman, Ad C.J.; Hoeberichts, Marco M. - European Central Bank - 2006

This paper presents the results of a survey among Dutch firms on price setting behaviour in the Netherlands. It aims to identify how sticky prices are, which prices are sticky and why they are sticky. It is part of the Eurosystem Inflation Persistence Network (IPN). The most distinctive feature...

Persistent link: https://www.econbiz.de/10005530963

Consumer price behaviour in Luxembourg: evidence from micro CPI data

Lünnemann, Patrick; Mathä, Thomas Y. - European Central Bank - 2005

-energy industrial goods and processed food, a relatively large share of the observed price changes is reverted afterwards. With the …

Persistent link: https://www.econbiz.de/10005222348

Stylised features of price setting behaviour in Portugal: 1992-2001

Dias, Mónica; Dias, Daniel; Neves, Pedro D. - European Central Bank - 2004

often than consumer prices of services; producer prices of consumption goods vary more often than producer prices of … month; there is a considerable degree of heterogeneity in price setting practices; consumer prices of goods change more … intermediate goods; for comparable commodities, consumer prices change more often than producer prices; price reductions are common …

Persistent link: https://www.econbiz.de/10005227544