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dc.contributor.author
Rupprecht, Sarah M.
dc.date.accessioned
2017-12-07T12:19:44Z
dc.date.available
2017-06-12T17:17:21Z
dc.date.available
2017-12-07T12:19:44Z
dc.date.issued
2007
dc.identifier.uri
http://hdl.handle.net/20.500.11850/124127
dc.identifier.doi
10.3929/ethz-a-005390248
dc.description.abstract
Using a large panel of quarterly firm survey data from 1984 to 2007, which allow changes in firms’ prices to be linked to several firm-specific variables, this paper finds that state-dependent pricing is clearly important in a low inflation environment and that variables measuring the current situation of the firm, especially costs for intermediate products, are important determinants of price adjustments. They add a lot to the explanatory power of a price adjustment probability model, compared to purely time-dependent features. Macroeconomic factors are significant but do not add much in terms of the goodness of fit. Furthermore, when taking into account sticky plan models by excluding possibly predetermined price changes, the importance of state-dependent factors becomes even larger.
en_US
dc.format
application/pdf
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
PRICES + PRICE FORMATION
en_US
dc.subject
PREISGESTALTUNG (HANDEL)
en_US
dc.subject
PREISE + PREISBILDUNG
en_US
dc.subject
PRICE SETTING (TRADE)
en_US
dc.title
When Do Firms Adjust Prices? Evidence from Micro Panel Data
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.title.subtitle
evidence from micro panel data
en_US
ethz.journal.title
KOF Working Papers
ethz.journal.volume
160
en_US
ethz.size
27 p.
en_US
ethz.code.ddc
DDC - DDC::3 - Social sciences::330 - Economics
en_US
ethz.identifier.nebis
005390248
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.date.deposited
2017-06-12T17:17:27Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366aae7473e56195
ethz.identifier.importid
imp593654f7a514059195
ethz.ecolpid
eth:29586
ethz.ecitpid
pub:186570
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-14T21:44:16Z
ethz.rosetta.lastUpdated
2020-02-15T10:16:58Z
ethz.rosetta.versionExported
true
ethz.COinS
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