Price adjustment in German manufacturing: evidence from two merged survey

dc.creator	Stahl, Harald
dc.date	2006
dc.date.accessioned	2013-10-16T07:06:14Z
dc.date.available	2013-10-16T07:06:14Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/19675
dc.identifier	ppn:523083262
dc.identifier	RePEc:zbw:bubdp1:5195
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/19675
dc.description	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.
dc.language	eng
dc.publisher
dc.relation	Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,46
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	E30
dc.subject	D40
dc.subject	ddc:330
dc.subject	Price rigidity
dc.subject	sticky information
dc.subject	survey data
dc.subject	Preisrigidität
dc.subject	Industrieprodukt
dc.subject	Industriepreisindex
dc.subject	Schätzung
dc.subject	Deutschland
dc.title	Price adjustment in German manufacturing: evidence from two merged survey
dc.type	doc-type:workingPaper

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