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

19 Pages Posted: 23 Jun 2011  

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 1, 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 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

Daniel Levy (Contact Author)

Bar-Ilan University - Department of Economics ( email )

Ramat-Gan, 5290002
Israel
+972 3 531-8345 (Phone)
+972 3 738-4034 (Fax)

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

Emory University - Department of Economics ( email )

1602 Fishburne Drive, Suite 306
Rich Building
Atlanta, GA 30322-0001
United States

HOME PAGE: http://economics.emory.edu/home/people/faculty/Levydaniel.html

Rimini Center for Economic Analysis ( email )

Via Patara, 3
Rimini (RN), RN 47900
Italy

HOME PAGE: http://www.rcfea.org/

Frank Smets

European Central Bank (ECB) ( email )

Kaiserstrasse 29
D-60311 Frankfurt am Main
Germany
+49 69 1344 6550 (Phone)
+49 69 1344 6575 (Fax)

KU Leuven - Center for Economic Studies ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

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