✦ LIBER ✦

Price-setting behaviour in Spain: evidence from micro PPI data

✍ Scribed by Luis J. Álvarez; Pablo Burriel; Ignacio Hernando

Publisher: John Wiley and Sons
Year: 2010
Tongue: English
Weight: 238 KB
Volume: 31
Category: Article
ISSN: 0143-6570
DOI: 10.1002/mde.1496

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

This paper explores the key features of manufacturing price‐setting behaviour in Spain using an extensive micro Producer Price Index data set. The main focus is placed on the impact on the frequency of price adjustment of some explanatory variables, including the cost structure, degree of market competition, demand conditions and inflationary pressures. All these factors are found to explain cross industry heterogeneity in price stickiness. A comparison of consumer and producer price‐setting practices is also presented to ascertain the role of the retail sector in explaining price stickiness. We find some evidence that producer prices are more flexible than consumer prices. Copyright © 2010 John Wiley & Sons, Ltd.

📜 SIMILAR VOLUMES

Consumer price behaviour: evidence from

Consumer price behaviour: evidence from Luxembourg micro data

✍ Patrick Lünnemann; Thomas Y. Mathä 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 206 KB

## Abstract We analyse micro‐level consumer price data in Luxembourg with a particular view on price change reversals and wage indexation. The median duration is roughly 8 months. On an average, price decreases are as large as price increases. With the exception of services, individual prices do no