Arbeitspapier
Price setting in German manufacturing: new evidence from new survey data
This paper presents new evidence on the formation of producer prices based on a onetime survey that was conducted on a sample of 1200 German firms in manufacturing in June 2004. Most of the firms have price-setting power and apply mark-up pricing. Indexation is negligible. Fixed nominal contracts are the most important reason for postponing a price adjustment. The second most likely reason is coordination failure, which causes more upward than downward stickiness. For every second firm both reasons are important. Firms can be assigned to four different groups according to an increasing complexity of reasons of price stickiness.
- Language
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Englisch
- Bibliographic citation
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Series: Discussion Paper Series 1 ; No. 2005,43
- Classification
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Wirtschaft
Market Structure, Pricing, and Design: General
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
- Subject
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Price rigidity
cluster analysis
Verarbeitendes Gewerbe
Betriebliche Preispolitik
Preisrigidität
Deutschland
- Event
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Geistige Schöpfung
- (who)
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Stahl, Harald
- Event
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Veröffentlichung
- (who)
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Deutsche Bundesbank
- (where)
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Frankfurt a. M.
- (when)
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2005
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Stahl, Harald
- Deutsche Bundesbank
Time of origin
- 2005
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