19 Pages Posted: 23 Jun 2011
Date Written: December 1, 2010
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: Suggested Citation
Levy, Daniel and Smets, Frank, Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue (December 1, 2010). Bar-Ilan University Department of Economics Research Paper No. 2010-22. Available at SSRN: https://ssrn.com/abstract=1870867 or http://dx.doi.org/10.2139/ssrn.1870867