Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue

Managerial and Decision Economics, Forthcoming

8 Pages Posted: 22 Dec 2010

See all articles by Daniel Levy

Daniel Levy

Bar-Ilan University - Department of Economics; Emory University - Department of Economics; Rimini Center for Economic Analysis

Frank Smets

European Central Bank (ECB); KU Leuven - Center for Economic Studies

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Date Written: December 21, 2010

Abstract

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank’s Inflation Persistence Network.

Keywords: Price Rigidity, Price Flexibility, Cost of Price Adjustment, Menu Cost, Managerial and Customer Cost of Price Adjustment, Pricing, Price System, Price Setting, New Keynesian Economics, Store-Level Data, Micro-Level Data, Product-Level Data

JEL Classification: D21, D40, E12, E31, E50, E52, E58, L11, L16, M20, M30

Suggested Citation

Levy, Daniel and Smets, Frank, Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue (December 21, 2010). Managerial and Decision Economics, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1729098

Daniel Levy (Contact Author)

Bar-Ilan University - Department of Economics ( email )

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HOME PAGE: http://econ.biu.ac.il/en/levy

Emory University - Department of Economics ( email )

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Rimini Center for Economic Analysis ( email )

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Frank Smets

European Central Bank (ECB) ( email )

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+49 69 1344 6575 (Fax)

KU Leuven - Center for Economic Studies ( email )

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