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.
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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