Patterns and Determinants of Price Changes: Analysing Individual Consumer Prices in Austria

Authors :: Baumgartner, Josef
Glatzer, Ernst
Rumler, Fabio
Stiglbauer, Alfred
Publication Year :: 2006
Publisher :: Austrian Institute of Economic Research (WIFO) Vienna, 2006.
Abstract: We provide empirical evidence on the degree and characteristics of price rigidity in Austria by estimating the average frequency of price changes and the duration of price spells from a large data set of individual price records collected for the computation of the Austrian CPI.

Subjects :: Preisrigidität
duration of price spells
Verbraucherpreisindex
ddc:330
Österreich
Consumer prices
sticky prices
frequency and size of price changes
Schätzung

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