Browsing by Author "Neves, Pedro Duarte"
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- Stylised features of consumer price setting behaviour in Portugal : 1992–2001Publication . Dias, Mónica Costa; Dias, Daniel A.; Neves, Pedro DuarteThis 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.