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Consumer Price Adjustment Under the Microscope

其他書名	Germany in a Period of Low Inflation
出版	SSRN, 2016
URL	http://books.google.com.hk/books?id=b5n-zgEACAAJ&hl=&source=gbs_api

註釋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.