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Do Prices Reflect Costs? A study of the price- and cost structure of retail payment services in the Swedish banking sector 2002

Guibourg, Gabriela; Segendorf, Björn - 2004

extent the price structure reflects the estimated cost structure. We find that (i) banks tend to use two-part tariffs but (ii …

Persistent link: https://www.econbiz.de/10010321254

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/10010321343

A Welfare Ranking of Two-Sided Market Regimes

Bergman, Mats A. - 2005

Two-sided network effects in card payment systems are analysed under different market structures, e.g., competition, one-sided monopoly, bilateral monopoly and duopoly; with and without an interchange fee; for the so-called Baxter's case of non-strategic merchants. A partial ranking of market...

Persistent link: https://www.econbiz.de/10010321347

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/10014303042

Trade credit and pricing: An empirical evaluation

Amberg, Niklas; Jacobson, Tor; von Schedvin, Erik - 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/10011943324

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/10012182832

The Swedish external position and the Krona

Lane, Philip R. - 2006

This paper addresses the dynamics of the Swedish external position, with a particular focus on its inter-relation with the external value of the krona. We argue that financial globalisation means that a broader conceptual framework is required, whereby exchange rate fluctuations operate through...

Persistent link: https://www.econbiz.de/10010320781

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

Carlsson, Mikael; Nordström Skans, Oskar - 2009

Using data on product-level prices matched to the producing firm's unit labor cost, we reject the hypothesis of a full and immediate pass-through of marginal cost. Since we focus on idiosyncratic variation, this does not fit the predictions of the Ma'ckowiak and Wiederholt (2009) version of the...

Persistent link: https://www.econbiz.de/10010320747

Re-evaluating Swedish membership in EMU: Evidence from an estimated model

Söderström, Ulf - 2008

I revisit the potential costs and benefits for Sweden of joining the Economic and Monetary Union (EMU) of the European … inflation and GDP growth might have been slightly higher if Sweden had been a member of EMU since the launch in 1999, but also … in the monetary union would be advantageous for Sweden. …

Persistent link: https://www.econbiz.de/10010320726

Evaluating an estimated new Keynesian small open economy model

Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - 2007

This paper estimates and tests a new Keynesian small open economy model in the tradition of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) using Bayesian estimation techniques on Swedish data. To account for the switch to an inflation targeting regime in 1993 we allow for...

Persistent link: https://www.econbiz.de/10010320727