Pricing Decisions In The Euro Area

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Pricing Decisions In The Euro Area

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Author : Silvia Fabiani
language : en
Publisher: Oxford University Press
Release Date : 2007-06-25

Pricing Decisions In The Euro Area written by Silvia Fabiani and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-25 with Business & Economics categories.

This book collects results from ad hoc surveys on firms pricing behavior conducted in 2003 and 2004 by nine National central banks of the Euro area in the context of a joint research project (Eurosystem Inflation Persistence Network). These surveys have proved to be an efficient way to test theories on the pricing strategies of economic agents, documenting, in qualitative terms, the underlying rationale of the observed pricing patterns. The book provides an unprecedented amount of information from more than 11,000 euro area firms, addressing issues such as the relevance of nominal and real rigidities, the information set used by firms in the price setting process, the strategy followed to review prices, the frequency of both price reviews and price changes, the reasons underlying price stickiness, and asymmetries in price adjustment. It also compares results for the euro area to those obtained for other countries by similar studies. Finally, it draws the main implications for theoretical modeling and for monetary policy.

Essays On Asymmetric Output And Pricing Decisions Of Manufacturing Sectors In The Euro Area

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Author : Tom Gobien
language : en
Publisher:
Release Date : 2016

Essays On Asymmetric Output And Pricing Decisions Of Manufacturing Sectors In The Euro Area written by Tom Gobien and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

Price Setting In The Euro Area

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Author : Emmanuel Dhyne
language : en
Publisher:
Release Date : 2005

Price Setting In The Euro Area written by Emmanuel Dhyne and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Euro area categories.

Price Setting In The Euro Area

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Author :
language : de
Publisher:
Release Date : 2007

Price Setting In The Euro Area written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.

Explaining The Endurance Of Price Level Differences In The Euro Area

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Author : Pavlos Petroulas
language : en
Publisher:
Release Date : 2023

Explaining The Endurance Of Price Level Differences In The Euro Area written by Pavlos Petroulas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

In this paper we anaIyse price level differences in the euro area focusing on the impact of market structure and exploring how consumer behaviour can influence firms' pricing. We consider two elements of market structure: producer market competition structure and the less explored structure of retail market competition. Regarding consumer behaviour we focus primarily on consumer habits. To this effect we utilise an extensive data set on retail prices and quantities for 41 product categories of fast-moving consumer goods across 58 regions in 10 euro area countries. Our results indicate that observed price differences reflect effects from diverse sources. The competition structure of the goods' producers is found to be an important determinant of price differences. However, we also find that retail market structure and consumer habits also matter, explaining a significant and economically meaningful share of observed price differences. This points to possible new and important determinants of price differences across countries that go beyond the traditional goods market structure.

The Ecb And Euro Area Enlargement

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Author : Helge Berger
language : en
Publisher: International Monetary Fund
Release Date : 2002

The Ecb And Euro Area Enlargement written by Helge Berger and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Euro categories.

Sticky Prices In The Euro Area

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Author : Luis J. Álvarez
language : en
Publisher:
Release Date : 2016

Sticky Prices In The Euro Area written by Luis J. Álvarez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

This paper presents original evidence on price setting in the euro area at the individual.

Monetary And Wage Policies In The Euro Area

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Author : Michael Carlberg
language : en
Publisher: Springer
Release Date : 2010-10-14

Monetary And Wage Policies In The Euro Area written by Michael Carlberg and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-14 with Business & Economics categories.

This book studies interactions between monetary and wage policies in the Euro area, closely reviewing and discussing the process of policy competition and the structure of policy cooperation. On policy competition, the book focuses on competition between the European central bank, the American central bank, the German labour union, and the French labour union. As to policy cooperation, the focus is on the same institutions. Includes numerical simulations and solutions.

New Facts On Consumer Price Rigidity In The Euro Area

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Author : Erwan Gautier
language : en
Publisher:
Release Date : 2022

New Facts On Consumer Price Rigidity In The Euro Area written by Erwan Gautier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.

Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices change, which compares with 19.3% in the United States; when we exclude price changes due to sales, however, the proportion of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price rigidity are rather limited across euro area countries but much larger across sectors; (iii) the median price increase (resp. decrease) is 9.6% (13%) when including sales and 6.7% (8.7%) when excluding sales; cross-country heterogeneity is more pronounced for the size than for the frequency of price changes; (iv) the distribution of price changes is highly dispersed: 14% of price changes in absolute values are lower than 2% whereas 10% are above 20%; (v) the overall frequency of price changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly driven by movements in the overall size; when decomposing the overall size, changes in the share of price increases among all changes matter more than movements in the size of price increases or the size of price decreases. These findings are consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more relevant driver of price adjustment than aggregate shocks.

The Pricing Behaviour Of Firms In The Euro Area

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Author : Silvia Fabiani
language : en
Publisher:
Release Date : 2005

The Pricing Behaviour Of Firms In The Euro Area written by Silvia Fabiani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business enterprises categories.