Arbeitspapier
Micro Foundations of Macroeconomic Price Adjustment: Survey Evidence from Swedish Firms
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.
- Language
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Englisch
- Bibliographic citation
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Series: Sveriges Riksbank Working Paper Series ; No. 128
- Classification
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Wirtschaft
Market Structure, Pricing, and Design: General
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Production, Pricing, and Market Structure; Size Distribution of Firms
- Subject
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Nominal rigidity
Price-rigidity
Price-setting
Real rigidity
Time-dependent pricing
State-dependent pricing
- Event
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Geistige Schöpfung
- (who)
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Apel, Mikael
Friberg, Richard
Hallsten, Kerstin
- Event
-
Veröffentlichung
- (who)
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Sveriges Riksbank
- (where)
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Stockholm
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:45 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
- Apel, Mikael
- Friberg, Richard
- Hallsten, Kerstin
- Sveriges Riksbank
Time of origin
- 2001
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