Price-setting Behaviour - Insights from Australian Firms

Anna Park, Vanessa Rayner and Patrick D'Arcy
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Anna Park: Reserve Bank of Australia
Vanessa Rayner: Reserve Bank of Australia
Patrick D'Arcy: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2010, 7-14

Abstract: Since 2004, the RBA has been conducting a survey of how firms set prices, how frequently they review and change prices, and what factors influence these decisions. The results show that firms employ a range of approaches to price setting, with around half reviewing their prices at a regular interval. Early in the survey period, costs were the most important factor in price setting, though demand considerations became more important when economic conditions softened.

Keywords: price setting; survey data; price rigidity; time-dependent pricing; state-dependent pricing (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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