Price Setting in the Euro Area: Some Stylized Facts from Individual Producer Price Data

Philip Vermeulen, Daniel Dias, Maarten Dossche, Erwan Gautier, Ignacio Hernando, Roberto Sabbatini () and Harald Stahl

Journal of Money, Credit and Banking, 2012, vol. 44, issue 8, 1631-1650

Abstract: This paper summarizes the microevidence on the setting of producer prices in the euro area. The main findings are: (i) 21% of producer prices are adjusted each month, (ii) producer prices are changed more frequently and by smaller amounts than consumer prices (even after controlling for product characteristics), (iii) price decreases are relatively frequent, (iv) inflation correlates positively with the difference between the frequency of price increases and decreases, and (v) there is substantial variation in price flexibility across sectors, which can be explained in part by differences in the cost structure, the degree of competition, and the level of sectoral inflation.

Date: 2012
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https://doi.org/10.1111/j.1538-4616.2012.00547.x

Related works:
Journal Article: Price Setting in the Euro Area: Some Stylized Facts from Individual Producer Price Data (2012)
Working Paper: Price setting in the euro area: some stylised facts from individual producer price data (2007)
Working Paper: Price setting in the euro area: some stylised facts from individual producer price data (2007)
Working Paper: Price setting in the euro area: some stylised facts from individual producer price data (2007)
Working Paper: Price setting in the euro area: Some stylised facts from Individual Producer Price Data (2007)
Working Paper: Price setting in the euro area: some stylised facts from individual producer price data (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jmoncb:v:44:y:2012:i:8:p:1631-1650

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