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Displaying results 1 to 4 of 4.

  1. Cross-country price and inflation dispersion
    retail network or national border?
    Author: Messner, Teresa; Rumler, Fabio; Strasser, Georg
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    (Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for grocery prices in the otherwise homogenous and highly integrated border region of Austria and Germany. Using transaction data on prices... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    (Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for grocery prices in the otherwise homogenous and highly integrated border region of Austria and Germany. Using transaction data on prices and quantities from a large household panel, we compare the prices of identical products within a narrow band along the border. We find large assortment and price differences between these two regions. Even within multinational retail chains the prices of identical products on the two sides of the border differ on average by about 21%. These price differences are not very persistent indicating little arbitrage gain from undifferentiated cross-border shopping. Ensuing product-level inflation rates differ for only half of the chains. The results highlight the importance of the history-dependent evolution of distribution networks and of the structure of the sales organization as a driver of price and inflation heterogeneity.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289955188
    Other identifier:
    hdl: 10419/278352
    Series: Working paper series / European Central Bank ; no 2776 (February 2023)
    Subjects: Price discrimination; goods market integration; border effect; cross-border arbitrage; market power
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  2. Inflation heterogeneity at the household level
    Author: Strasser, Georg; Messner, Teresa; Rumler, Fabio; Ampudia, Miguel
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years, but... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 535
    Inter-library loan:
    No inter-library loan

     

    Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years, but the difference for richer households has been small and time varying. Householdspecific behaviour appears to dominate inflation differences within countries. Between countries, multinational retail chains not only differentiate products by branding, but also charge different prices for identical products. Retailers continue to differentiate prices along national borders, even within largely integrated economic regions. Price changes, however, are broadly aligned across borders within the same retailers.

     
    Export to reference management software   RIS file
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289961547
    Other identifier:
    hdl: 10419/278591
    Series: Occasional paper series / European Central Bank ; no 325
    Subjects: inflation; consumer prices; heterogeneous agents; substitution,inequality
    Scope: 1 Online-Ressource (48 Seiten), Illustrationen
  3. Cross-country price and inflation dispersion
    retail network or national border?
    Author: Messner, Teresa; Rumler, Fabio; Strasser, Georg
    Published: 2022
    Publisher:  Publications Office of the European Union, Luxembourg

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 896
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789276604686
    Other identifier:
    Edition: 1st edition
    Series: Single market economics papers ; WP 11
    Subjects: Price discrimination; goods market integration; border effect; cross-border arbitrage; market power
    Scope: 1 Online-Ressource (circa 59 Seiten)
  4. Inflation heterogeneity at the household level
    Author: Strasser, Georg; Messner, Teresa; Rumler, Fabio; Ampudia, Miguel
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years, but... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

     

    Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years, but the difference for richer households has been small and time varying. Householdspecific behaviour appears to dominate inflation differences within countries. Between countries, multinational retail chains not only differentiate products by branding, but also charge different prices for identical products. Retailers continue to differentiate prices along national borders, even within largely integrated economic regions. Price changes, however, are broadly aligned across borders within the same retailers.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289961547
    Other identifier:
    hdl: 10419/278591
    Series: Occasional paper series / European Central Bank ; no 325
    Subjects: inflation; consumer prices; heterogeneous agents; substitution,inequality
    Scope: 1 Online-Ressource (48 Seiten), Illustrationen