Micro Foundations of Macroeconomic Price Adjustment: Survey Evidence from Swedish Firms

Autor:	Apel, Mikael, Friberg, Richard, Hallsten, Kerstin
Rok vydání:	2001
Předmět:	jel:L11 jel:D40 jel:E30 Nominal rigidity Price-rigidity Price-setting Real rigidity Time-dependent pricing State-dependent pricing
Popis:	This paper reports the results from a survey on price-setting behavior of a large random sample of Swedish firms. Prices are found to adjust only infrequently; the median firm adjusts the price once a year. State-dependent pricing is found to be more common than is usually assumed and at least as important as time-dependent pricing. The paper sums up the evidence from this and two similar large-scale surveys on UK and US data. Notably, and suggesting directions for further research, four of the theories of price rigidity are ranked by the respondents among the top-five places in all three studies.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=od_______645::af01f06f6a4a9c72108da7d2566e1d1f http://www.riksbank.se/upload/Dokument_riksbank/Kat_foa/wp_128.pdf Zobrazit plný text záznamu