EconPapers    
Economics at your fingertips  
 

Sticky prices in the euro area: a summary of new micro evidence

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

No 2006,02, Discussion Paper Series 1: Economic Studies from Deutsche Bundesbank

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: E31 D40 C25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-mic
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (192) Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/19630/1/200602dkp.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 (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
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:zbw:bubdp1:4239

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 2019-10-20
Handle: RePEc:zbw:bubdp1:4239