TY  - BOOK
AU  - Luis Alvarez
AU  - Dhyne,Emmanuel
AU  - Hoeberichts,Marco
TI  - Sticky prices in the euro area: a summary of new micro evidence 
T2  - Discussion paper. Series 1: Economic studies
SN  - 3865581102
U1  - 338.52094 21
PY  - 2006///
CY  - Frankfurt am Main
PB  - Deutsche Bundesbank
KW  - FIJACION DE PRECIOS
KW  - EUROPA
KW  - PRONOSTICOS ECONOMICOS
N1  - Bibliografía: p. 14-16
N2  - This paper presents original evidence on price setting in the euro area at the individual level. We use micro data on consumer (CPI) and producer (PPI) prices, as well as survey information. Our main findings are: (i) prices in the euro area are sticky and more so than in the US; (ii) there is evidence of heterogeneity and of asymmetries in price setting behaviour; (iii) downward price rigidity is only slightly more marked than upward price rigidity and (iv) implicit or explicit contracts and coordination failure theories are important, whereas menu or information costs are judged much less relevant by firms
UR  - http://econstor.eu/bitstream/10419/19630/1/200602dkp.pdf
ER  -