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Price, wage and employment response to shocks: evidence from the WDN survey

✍ Scribed by Bertola, Giuseppe; Dabusinskas, Aurelijus; Hoeberichts, Marco; Izquierdo, Mario; Kwapil, Claudia; Montornès, Jeremi; Radowski, Daniel

Book ID
123487750
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
988 KB
Volume
19
Category
Article
ISSN
0927-5371

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How are prices adjusted in response to shocks? Survey evidence from Austrian firms
✍ Claudia Kwapil; Johann Scharler; Josef Baumgartner 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 151 KB

## Abstract In this paper we investigate the response of prices to shocks based on a survey of Austrian firms. We find that firms are more likely to change prices after a cost shock than after a demand shock. In this vein, our analysis suggests that regular customers are an important explanation fo