文章基本信息

标题：The behaviour of producer prices: some evidence from the French PPI micro data
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作者：Erwan Gautier
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2006
出版社：European Central Bank
摘要：This paper provides some new empirical features on price setting behaviour for French pro- ducers using micro data underlying the producer and business-services price indices over the period 1994-2005. Some crucial methodological issues on the collection of producer prices are raised. Then, the main features of producersprice setting are presented: producer prices are modied quite frequently and by small amounts. A high heterogeneity across sectors is also ob- served: business-services prices change less often than industrial producer prices. The data lend some support to predictions of both time- and state-dependence models: Taylor contracts are not unusual but prices also respond to the changes in the rms economic conditions. Neverthe- less, time-dependent models are shown to be the most relevant theories to explain the producer price rigidity.
关键词：Price stickiness; price duration; producer price index; frequency of price change.