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Trends in administrated prices in the euro area

Author

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  • Wolfgang Nierhaus

Abstract

Since May 2007 the European Central Bank (ECB) has published an experimental index for the development of administrated prices in the euro-currency area. In doing so, the ECB has provided economic forecasters with a new and interesting instrument. The index includes the price movements of goods and services whose prices are either directly or largely influenced by the state or by state regulatory agencies. Prices of goods that are only influenced by consumption taxes are not included in this category. This article discusses the methods of this index and some results.

Suggested Citation

  • Wolfgang Nierhaus, 2007. "Trends in administrated prices in the euro area," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(17), pages 21-24, September.
  • Handle: RePEc:ces:ifosdt:v:60:y:2007:i:17:p:21-24
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    File URL: https://www.ifo.de/DocDL/ifosd_2007_17_2.pdf
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    References listed on IDEAS

    as
    1. Sabine Herrmann & Eva Katalin Polgar, 2007. "Understanding price developments and consumer price indices in south-eastern Europe," Occasional Paper Series 57, European Central Bank.
    2. Wolfgang Nierhaus, 2006. "Harmonised consumer price indices - on inflation measurement in Europe," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(06), pages 11-16, March.
    3. Herrmann, Sabine & Polgár, Éva Katalin, 2007. "Understanding price developments and consumer price indices in south-eastern Europe," Occasional Paper Series 57, European Central Bank.
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    Cited by:

    1. Michael Berlemann & Sabine Engelmann & Matthias Göthel & Beate Henschel & Carsten Pohl & Joachim Ragnitz & Heinz Schmalholz, 2008. "Die neuen Bundesländer im internationalen Standortvergleich," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 43.
    2. Wolfgang Nierhaus, 2013. "Administered Prices and Indirect Taxes: Implications for Inflation in the Eurozone," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(05), pages 42-46, March.

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    More about this item

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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