Arbeitspapier
Demand or Supply? Price Adjustment during the COVID-19 Pandemic
We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported negative impact of Covid-19 on current business is associated with a rise in the probability to decrease prices up to eleven percentage points. These results imply a role for aggregate demand stabilization policy to buffer the economic consequences of Covid-19 while containing the pandemic.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 13568
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Business Fluctuations; Cycles
National Government Expenditures and Related Policies: General
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Firm Behavior: Empirical Analysis
- Thema
-
producer price setting
supply
demand
COVID-19
fiscal policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Balleer, Almut
Link, Sebastian
Menkhoff, Manuel
Zorn, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Balleer, Almut
- Link, Sebastian
- Menkhoff, Manuel
- Zorn, Peter
- Institute of Labor Economics (IZA)
Entstanden
- 2020
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