Price-Setting Policy Determinants: Micro-Evidence from Brazil
José Luiz Rossi Júnior and
Marcelo L. Moura
No 50, Business and Economics Working Papers from Unidade de Negocios e Economia, Insper
Abstract:
The paper studies the determinants of the frequency of price changes from survey data on Brazilian companies. Strong evidence of price-nominal rigidities is found in the data with average and median price durations very close to results reported for the euro area and the United States. We find that empirical determinants of price-change duration are mostly competition, size, product specialisation and sector dummies.
Pages: 12 pages
Date: 2008
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