TY - JOUR
T1 - Stylised features of consumer price setting behaviour in Portugal
T2 - 1992-2001
AU - Costa Dias, Mónica
AU - Dias, Daniel A.
AU - Duarte Neves, Pedro
PY - 2008
Y1 - 2008
N2 - This paper identifies the empirical stylized features of consumer price setting behavior in Portugal using two micro-datasets underlying the consumer price index. The main conclusions are: one in every four prices change each month; there is a considerable degree of heterogeneity in price setting practices; prices of goods change more often than prices of services; price reductions are common, as they account to around 40% of total price changes; price changes are, in general, sizeable; finally, the price setting patterns seem to depend on the level of inflation as well as on the type of outlet.
AB - This paper identifies the empirical stylized features of consumer price setting behavior in Portugal using two micro-datasets underlying the consumer price index. The main conclusions are: one in every four prices change each month; there is a considerable degree of heterogeneity in price setting practices; prices of goods change more often than prices of services; price reductions are common, as they account to around 40% of total price changes; price changes are, in general, sizeable; finally, the price setting patterns seem to depend on the level of inflation as well as on the type of outlet.
KW - Consumer prices
KW - Frequency of price changes
KW - Price setting
UR - http://www.scopus.com/inward/record.url?scp=50849101980&partnerID=8YFLogxK
U2 - 10.1007/s10258-008-0028-2
DO - 10.1007/s10258-008-0028-2
M3 - Article (Academic Journal)
AN - SCOPUS:50849101980
SN - 1617-982X
VL - 7
SP - 75
EP - 99
JO - Portuguese Economic Journal
JF - Portuguese Economic Journal
IS - 2
ER -