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Displaying results 1 to 6 of 6.

  1. Time-dependency in producers’ price adjustments
    evidence from micro panel data
    Author: Nilsen, Øivind Anti; Pettersen, Per Marius; Bratlie, Joakim
    Published: June 2018
    Publisher:  Norwegian School of Economics and Business Administration, Department of Economics, Bergen

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 48 (2018,12)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11250/2502742
    Series: Discussion papers / Norwegian School of Economics and Business Administration, Department of Economics ; 2018, 12
    Subjects: Preismanagement; Preistheorie; Erzeugerpreisindex; Norwegen
    Scope: 1 Online-Ressource (circa 18 Seiten), Illustrationen
  2. Time-dependency in producers' price adjustments
    evidence from micro panel data
    Author: Nilsen, Øivind Anti; Pettersen, Per Marius; Bratlie, Joakim
    Published: 2018
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich

    Existing micro evidence of firms' price changes tends to show a downward sloping hazard rate - the longer the price of a product has remained the same, the less likely it is that the price will change. Using a panel of Norwegian plant- and... more

    Location:
    Staats- und Universitätsbibliothek Bremen
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63 (7138)
    Inter-library loan:
    No inter-library loan

     

    Existing micro evidence of firms' price changes tends to show a downward sloping hazard rate - the longer the price of a product has remained the same, the less likely it is that the price will change. Using a panel of Norwegian plant- and product-specific prices, we also find a downward sloping hazard when applying a Kaplan-Meier model. After having controlled for both observed and unobserved characteristics, we find flat hazards with spikes in the first and twelfth months. This suggests time-dependent price-setting by at least some of the producers. The spike after 12 months might be explained by seasonal demand effects, but also by the pricing season effect related to information acquisition and processing, negotiation and signing of price contracts. The revealed price adjustment pattern is at odds with the predictions of the Calvo model, a central element in many dynamic stochastic general equilibrium models, as this assumes constant frequencies of price adjustments over time. Our empirical findings instead point to a modified Calvo model where firms in some periods experience lower menu costs. Finally, the empirical findings may have implications for the effectiveness of monetary policy interventions.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/181338
    Series: Array ; no. 7138
    Subjects: Preismanagement; Preistheorie; Erzeugerpreisindex; Norwegen
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  3. Empirical properties of diversion ratios
    Author: Conlon, Christopher T.; Mortimer, Julie Holland
    Published: July 2018
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1 (24816)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 24816
    Subjects: Preisniveau; Privater Konsum; Fusion; Wettbewerbsaufsicht; Preistheorie
    Scope: 55 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe
  4. Temporary price changes, inflation regimes and the propagation of monetary shocks
    Author: Alvarez, Fernando; Lippi, Francesco
    Published: 22 January 2018
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 32 (12638)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; DP 12638
    Subjects: Preisrigidität; Verbraucherpreisindex; Anpassungskosten; Preistheorie; Argentinien
    Scope: 78 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe
  5. Inflation dynamics and price flexibility in the UK
    Author: Petrella, Ivan; Santoro, Emiliano; Simonsen, Lasse de la Porte
    Published: 01 July 2018
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 32 (13027)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Discussion paper series / Centre for Economic Policy Research ; DP 13027
    Subjects: Preistheorie; Inflationstheorie; Inflationsrate; Verbraucherpreisindex; Flexibilität; Preisrigidität; Gesamtwirtschaftliche Nachfrage; Schock; Schätzung; Großbritannien
    Scope: 35, 15 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe
  6. Empirical properties of diversion ratios
    Author: Conlon, Christopher T.; Mortimer, Julie Holland
    Published: [2018]
    Publisher:  [NYU Stern, Department of Economics], [New York, NY]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Nicht speichern
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    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [Working papers / Stern School of Business, N.Y.U. ; EC-18, 16]
    Subjects: Preisniveau; Privater Konsum; Fusion; Wettbewerbsaufsicht; Preistheorie
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen