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Micro foundations of macroeconomic price adjustment : survey evidence from Swedish firms

Apel, Mikael; Friberg, Richard; Hallsten, Kerstin - 2001

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 … research, four of the theories of price rigidity are ranked by the respondents among the top-five places in all three studies. …

Persistent link: https://www.econbiz.de/10011585079

Does inflation targeting reduce the dispersion of price setters' inflation expectations?

Paulie, Charlotte - 2019

decompose the change in the price-change distribution by potential explanatory factors, about 63 percent of the decrease in the … price-change dispersion can be attributed to a decrease in the cross-sectional variance of inflation expectations. The lower …

Persistent link: https://www.econbiz.de/10011999754

Dispersion over the business cycle : passthrough, productivity, and demand

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2022

We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than TFPQ dispersion in recessions. Productivity shocks pass...

Persistent link: https://www.econbiz.de/10013256973

Probabilities of realignments in a currency band : a switching-regime approach

Mundaca, B. Gabriela - 1995

Persistent link: https://www.econbiz.de/10000906407

Trade credit and pricing : an empirical evaluation

Amberg, Niklas; Jacobson, Tor; Schedvin, Erik von - 2018

trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices … funding costs and counterparty risks. Our results thus demonstrate the importance of trade credit for price setting and show …

Persistent link: https://www.econbiz.de/10011857364

Hazards in implementing a monetary conditions index

Eika, Kari H.; Ericsson, Neil R.; Nymoen, Ragnar - 1996

Persistent link: https://www.econbiz.de/10000952045

Bank efficiency in the Nordic countries : a four-country Malmquist index analysis

Bukh, Per Nikolaj D.; Førsund, Finn R.; Berg, … - 1995

Persistent link: https://www.econbiz.de/10000918537

Curbing shocks to corporate liquidity : the role of trade credit

Amberg, Niklas; Jacobson, Tor; Schedvin, Erik von; … - 2016

Using data on exogenous liquidity losses generated by the fraud and failure of a cash-intransit firm, we demonstrate a causal impact on firms' trade credit usage. We find that firms manage liquidity shortfalls by increasing the amount of drawn credit from suppliers and decreasing the amount...

Persistent link: https://www.econbiz.de/10011471420

Bank lending policy, credit scoring and value at risk

Jacobson, Tor; Roszbach, Kasper - 1998

In this paper we apply a bivariate probit model to investigate the implications of bank lending policy. In the first equation we model the bank's decision to grant a loan, in the second the probability of default. We confirm that banks provide loans in a way that is not consistent with default...

Persistent link: https://www.econbiz.de/10011583112

Monetary policy shocks and business cycle fluctuations in a small open economy : Sweden 1986-2002

Lindé, Jesper - 2003

This paper contains an empirical analysis of the dynamic effects of monetary policy on Swedish data within a framework consistent with the theoretical New-Keynesian type of small open economy models. Because of what appears to be time-varying seasonal patterns in the data, I argue that it is of...

Persistent link: https://www.econbiz.de/10011583586