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Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Silvia Fabiani, Claire Suzanne Loupias, Fernando Manuel Monteiro Martins, and Roberto Sabbatini (eds)

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.001.0001
Subject:
Economics and Finance, Econometrics

Theoretical research undertaken over the last decades showed that the nature of nominal rigidities plays a key role in determining the effects of different shocks on the economy. This research has ... More


The Use of Survey Data to Investigate Price Setting: Theory and the Research Design for the Euro Area

Stephen G. Cecchetti, Fernando Martins, Roberto Sabbatini, and Harald Stahl

in Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.003.0002
Subject:
Economics and Finance, Econometrics

This chapter reviews the main theoretical aspects of firms' price setting behavior analyzed in the national studies surveyed in the book. It deals with the determinants of prices, the characteristics ... More


The Pricing Behavior of Spanish Firms

Luis J. Álvarez and Ignacio Hernando

in Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.003.0012
Subject:
Economics and Finance, Econometrics

This chapter reports the results of a survey carried out by the Banco de España on a sample of around 2,000 Spanish firms to deepen the understanding of firms' price setting behaviour. Most firms are ... More


What Quantitative Micro Data Reveal about Price Setting Behavior

Roberto Sabbatini, Luis J. Álvarez, Emmanuel Dhyne, Marco Hoeberichts, Hervé Le Bihan, Patrick Lünnemann, Fernando Martins, Fabio Rumler, Harald Stahl, Philip Vermeulen, Giovanni Veronese, and Jouko Vilmunen

in Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.003.0015
Subject:
Economics and Finance, Econometrics

This chapter summarizes the vast evidence on price setting based on micro consumer and producer price data obtained for euro area countries. This analysis captures features of price behavior that ... More


Competition and Price Adjustment in the Euro Area

Luis J. Álvarez and Ignacio Hernando

in Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.003.0014
Subject:
Economics and Finance, Econometrics

This chapter explores the role of a number of factors, in particular the intensity of market competition, in explaining the heterogeneity in the degree of price stickiness across industries, on the ... More


Policy Lessons and Directions for Ongoing Research

Vítor Gaspar, Andrew Levin, Fernando Martins, and Frank Smets

in Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.003.0016
Subject:
Economics and Finance, Econometrics

Understanding the features and the determinants of individual price setting behavior is important for the formulation of monetary policy. These behavioral mechanisms play a fundamental role in ... More


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