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

dc.creator	Hoffmann, Johannes
dc.creator	Kurz-Kim, Jeong-Ryeol
dc.date	2006
dc.date.accessioned	2013-10-16T07:06:03Z
dc.date.available	2013-10-16T07:06:03Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/19644
dc.identifier	ppn:514273666
dc.identifier	RePEc:zbw:bubdp1:4355
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/19644
dc.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.
dc.language	eng
dc.relation	Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,16
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	D43
dc.subject	E31
dc.subject	L11
dc.subject	ddc:330
dc.subject	price rigidity
dc.subject	price flexibility
dc.subject	Consumer Price Index
dc.subject	Germany
dc.subject	Lebenshaltungsindex
dc.subject	Preisrigidität
dc.subject	Preis
dc.subject	Flexibilität
dc.subject	Inflation
dc.subject	Deutschland
dc.title	Consumer price adjustment under the microscope: Germany in a period of low inflation
dc.type	doc-type:workingPaper

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