Price adjustment in German manufacturing: evidence from two merged survey

Harald Stahl

No 2006,46, Discussion Paper Series 1: Economic Studies from Deutsche Bundesbank

Abstract: This paper presents new evidence on the formation of producer prices. The database combines a one-time survey that was conducted in June 2004 on a sample of 1,200 firms in manufacturing and time-series information on price adjustment of the same firms from a business-tendency survey. The share of time-dependent price setters amounts to 20 per cent. Neither Taylor nor Calvo type price setting describes their price adjustment well. Only a few firms are forward-looking, the majority relies on contemporaneous and past information.

Keywords: Price rigidity; sticky information; survey data (search for similar items in EconPapers)
JEL-codes: D40 E30 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-ind and nep-mac
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Citations: View citations in EconPapers (7)

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Journal Article: Price adjustment in German manufacturing: evidence from two merged surveys (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bubdp1:5195

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