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Price Setting in the Euro Area: Some Stylised Facts from Individual Producer Price
Social Science Research Network
This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies use monthly producer price data. The following five stylised facts emerge consistently across countries. First, producer prices change infrequently: each month around 21% of prices change. Second, there is substantial cross-sector heterogeneity in thedoi:10.2139/ssrn.1694544 fatcat:4hbm6cwbfnbejo3ibk4hsvyhnu