Stylised Features of Price Setting Behaviour in Portugal: 1992-2001

By Mônica da Costa Heluany Dias, Daniel Dias, P. Neves. Social Science Research Network, 2004

202 citations recorded by the source corpus.

This paper identifies the empirical stylized features of price setting behaviour in Portugal using the micro-datasets underlying the consumer and the producer price indexes. The main conclusions are the following: 1 in every 4 prices change each month; there is a considerable degree of heterogeneity in price setting practices; consumer prices of goods change more often than consumer prices of services; producer prices of consumption goods vary more often than producer prices of intermediate goods; for comparable commodities, consumer prices change more often than producer prices; price reductions are common, as they account for around 40 per cent of total price changes; price changes are, in general, sizeable; finally, the price setting patterns at the consumer level seem to depend on the level of inflation as well as on the type of outlet.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/650cdf5cf086fd82fe784228ff5e4e1aa3b99eec

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Identifying the Influences of Nominal and Real Rigidities in Aggregate Price-Setting Behavior (2007, unknown): “For recent evidence from micro price records, see Chevalier, Kashyap, and Rossi (2003), Bils and Klenow (2004), Aucremanne and Dhyne (2004), and Dias, Dias, and Neves (2004).”
Price Setting Behaviour in Spain: Evidence from Micro Ppi Data (2005, background): “This estimate is in line with Dias et al. (2004) for Portugal (23”
Microeconomic Evidence on Price-Setting (2010, background): “…Various 21 France Gautier (2008) 1994:01 – 2005:06 25 Germany Stahl (2006) 1997:01 – 2003:09 22 Italy Sabbatini et al. (2006) 1997:01 – 2002:12 15 Portugal Dias et al. (2004) 1995:01 – 2001:01 23 South Africa Creamer (2008) 2001:12 – 2006:02 19.5 Spain Álvarez et al. (2008) 1991:01 – 1999:02 21…”
Consumer Price Adjustment Under the Microscope: Germany in a Period of Low Inflation (2006, unknown): “The second and the third pairs also include observations related to item replacements.6 Hence, 3 For a discussion of the pros and cons of using applying the frequency approach, see, among others, Aucremanne/Dhyne (2004), Baudry et al (2004), Dias et al (2004).”
Price Setting in the Euro Area: Some Stylised Facts from Individual Producer Price Data (2012, unknown): “, 2006) as well as information on price setting was collected through firms’ surveys (Fabiani et al., 2006). This paper presents a set of new empirical insights in producer price behaviour based on the analysis of detailed micro data provided for the first time by National Statistical Institutes. It”