Arbeitspapier

Micro Foundations of Macroeconomic Price Adjustment: Survey Evidence from Swedish Firms

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 to be more common than is usually assumed and at least as important as time-dependent pricing. The paper sums up the evidence from this and two similar large-scale surveys on UK and US data. Notably, and suggesting directions for further research, four of the theories of price rigidity are ranked by the respondents among the top-five places in all three studies.

Sprache
Englisch

Erschienen in
Series: Sveriges Riksbank Working Paper Series ; No. 128

Klassifikation
Wirtschaft
Market Structure, Pricing, and Design: General
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Production, Pricing, and Market Structure; Size Distribution of Firms
Thema
Nominal rigidity
Price-rigidity
Price-setting
Real rigidity
Time-dependent pricing
State-dependent pricing

Ereignis
Geistige Schöpfung
(wer)
Apel, Mikael
Friberg, Richard
Hallsten, Kerstin
Ereignis
Veröffentlichung
(wer)
Sveriges Riksbank
(wo)
Stockholm
(wann)
2001

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Apel, Mikael
  • Friberg, Richard
  • Hallsten, Kerstin
  • Sveriges Riksbank

Entstanden

  • 2001

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