Resource title

Consumer price adjustment under the microscope: Germany in a period of low inflation

Resource image

image for OpenScout resource :: Consumer price adjustment under the microscope: Germany in a period of low inflation

Resource description

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state-dependent price adjustment. Most importantly, the differences in ?unconditional? sectoral price flexibility are found to be linked to input price volatility.

Resource author

Johannes Hoffmann, Jeong-Ryeol Kurz-Kim

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19644

Resource license

Adapt according to the presented license agreement and reference the original author.