EconPapers    
Economics at your fingertips  
 

Sticky Prices in the Euro Area: A Summary of New Micro Evidence

Luis Alvarez, Emmanuel Dhyne (), Marco Hoeberichts (), C. Kwapil, Hervé Le Bihan (), P. Lünnemann, Fernando Martins (), Roberto Sabbatini (), Harald Stahl (), Philip Vermeulen () and Jouko Vilmunen ()

Working papers from Banque de France

Abstract: This paper presents original evidence on price setting in the euro area at the individual level. We use micro data on consumer (CPI) and producer (PPI) prices, as well as survey information. Our main findings are: (i) prices in the euro area are sticky and more so than in the US; (ii) there is evidence of heterogeneity and of asymmetries in price setting behaviour; (iii) downward price rigidity is only slightly more marked than upward price rigidity and (iv) implicit or explicit contracts and coordination failure theories are important, whereas menu or information costs are judged much less relevant by firms.

Keywords: Price setting; Price stickiness; Consumer prices; Producer prices; Survey data. (search for similar items in EconPapers)
JEL-codes: C25 D40 E31 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18) Track citations by RSS feed

Downloads: (external link)
https://publications.banque-france.fr/sites/defaul ... g-paper_138_2005.pdf (application/pdf)

Related works:
Journal Article: Sticky Prices in the Euro Area: A Summary of New Micro-Evidence (2006) Downloads
Working Paper: Sticky Prices in The Euro Area: a Summary of New Micro Evidence (2006) Downloads
Working Paper: Sticky prices in the euro area: a summary of new micro evidence (2006) Downloads
Working Paper: Sticky prices in the euro area: a summary of new micro evidence (2005) Downloads
Working Paper: Sticky Prices in the Euro Area: a Summary of New Micro Evidence (2005) Downloads
Working Paper: Sticky prices in the euro area: a summary of new micro evidence (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:138

Access Statistics for this paper

More papers in Working papers from Banque de France Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS. Contact information at EDIRC.
Bibliographic data for series maintained by Michael brassart ().

 
Page updated 2019-10-22
Handle: RePEc:bfr:banfra:138