Consumer Price Adjustment Under the Microscope: Germany in a Period of Low Inflation

By Johannes Hoffmann, Jeong-Ryeol Kurz-Kim. Social Science Research Network, 2006

149 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/58a4f0a72bff1a7b218bdf7c9951aec4214c8851

Citations in the corpus

• Price Setting during Low and High Inflation: Evidence from Mexico (2007, unknown): “Furthermore, because price decreases were nearly absent in April 1995, one could conjecture that their buffering effect did little to prevent the 25Particularly for Spain (Álvarez and Hernando (2006)), Belgium (Aucremanne and Dhyne (2004 and 2005)), France (Baudry et al. (2004)), Portugal (Dias, Dia”