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How Portuguese Firms Set Their Prices: Evidence from Survey Data

Fernando Martins

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/9780195309287.003.0011
Subject:
Economics and Finance, Econometrics

In this chapter, price stickiness in Portugal is analyzed on the basis of qualitative data coming from a survey conducted by the Banco de Portugal. The main conclusions are the following. First, ... 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


The Pricing Behavior of Italian Firms: New Survey Evidence on Price Stickiness

Silvia Fabiani, Angela Gattulli, and Roberto Sabbatini

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/9780195309287.003.0008
Subject:
Economics and Finance, Econometrics

This chapter examines price setting behaviour of Italian firms on the basis of the results of a survey conducted by Banca d'Italia in early 2003 on a sample of around 350 firms belonging to all ... More


The Pricing Behavior of Dutch Firms: Survey Evidence on Price Stickiness

Marco Hoeberichts and Ad Stokman

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/9780195309287.003.0010
Subject:
Economics and Finance, Econometrics

Small Dutch firms adopt more rigid pricing policies, and the weaker the competition a firm faces, the stickier its prices will be. Furthermore, wholesale and retail prices are more flexible than ... 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


Summary of Results for the Euro Area

Silvia Fabiani, Claire Loupias, Martine Druant, Ignacio Hernando, Claudia Kwapil, Bettina Landau, Fernando Martins, Thomas Mathä, Sabbatini Roberto, Harald Stahl, and Ad Stokman

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/9780195309287.003.0003
Subject:
Economics and Finance, Econometrics

This chapter summarizes the results of firms' pricing practices collected through surveys conducted by the national central banks of nine countries. The results suggest that the model of perfect ... 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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