EconPapers    
Economics at your fingertips  
 

Price setting in German manufacturing: new evidence from new survey data

Harald Stahl

No 2005,43, Discussion Paper Series 1: Economic Studies from Deutsche Bundesbank

Abstract: This paper presents new evidence on the formation of producer prices based on a onetime survey that was conducted on a sample of 1200 German firms in manufacturing in June 2004. Most of the firms have price-setting power and apply mark-up pricing. Indexation is negligible. Fixed nominal contracts are the most important reason for postponing a price adjustment. The second most likely reason is coordination failure, which causes more upward than downward stickiness. For every second firm both reasons are important. Firms can be assigned to four different groups according to an increasing complexity of reasons of price stickiness.

Keywords: Price rigidity; cluster analysis (search for similar items in EconPapers)
JEL-codes: D40 E30 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-ind, nep-mac and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (51) Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/19628/1/200543dkp.pdf (application/pdf)

Related works:
Working Paper: Price setting in German manufacturing: new evidence from new survey data (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:zbw:bubdp1:4237

Access Statistics for this paper

More papers in Discussion Paper Series 1: Economic Studies from Deutsche Bundesbank Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2023-11-08
Handle: RePEc:zbw:bubdp1:4237