Showing 1 - 10 of 1,118
(WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs …
Persistent link: https://www.econbiz.de/10013133770
This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the …
Persistent link: https://www.econbiz.de/10013316633
This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the …
Persistent link: https://www.econbiz.de/10011604902
We use a novel disaggregate sectoral euro area data set with a regional breakdown to investigate price changes and …, sectoral, country-specific and regional components of price changes. We thereby provide an improved estimate of the sectoral … factor in comparison with previous literature, which decomposes price changes into an aggregate and idiosyncratic component …
Persistent link: https://www.econbiz.de/10013126869
This paper presents new evidence on the patterns of price and wage adjustment in European firms and on the extent of … former tend to remain unchanged for about 15 months on average, the latter for around 10 months. The degree of price rigidity … in the majority of countries. Wage and price changes feed into each other at the micro level and there is a relationship …
Persistent link: https://www.econbiz.de/10013316331
beliefs, generating positive price-quantity comovement. The feedback of beliefs into prices can be so strong that even …
Persistent link: https://www.econbiz.de/10012956266
empirical exercise a step further by considering the underlying issues in more detail. We analyze two price datasets, one for …
Persistent link: https://www.econbiz.de/10013122152
the link between external rebalancing and relative price adjustment. We find that neglect of inputs distorts … price through several opposing channels. (1) Mismeasured imported inputs exaggerate economic openness and understate the … price response to rebalancing. (2) Mismeasured domestic inputs increase cross-sectoral asymmetry in openness, leading to an …
Persistent link: https://www.econbiz.de/10013051600
This paper uses a time-varying Factor Augmented VAR to investigate the evolving transmission of monetary policy and demand shocks in the UK. Simultaneous estimation of time-varying impulse responses of a large set of macroeconomic variables and disaggregated prices suggest that the response of...
Persistent link: https://www.econbiz.de/10013128262
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 that covers the years 1998 to 2003. We strong find evidence of time- and state …-dependent price adjustment. Most importantly, the differences in quot;unconditionalquot; sectoral price flexibility are found to be …
Persistent link: https://www.econbiz.de/10012778429