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Publicação
Stylised features of consumer price setting behaviour in Portugal : 1992–2001
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Orientador(es)
Resumo(s)
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.
Descrição
Palavras-chave
Price setting Consumer prices Frequency of price changes
Contexto Educativo
Citação
Dias, Mónica Costa, Daniel A. Dias e Pedro Duarte Neves (2008). "Stylised features of consumer price setting behaviour in Portugal : 1992–2001". Portuguese Economic Journal, 7(2):75-99
Editora
Springer Verlag