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Price Setting and Inflation Persistence in Austria

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Abstract

On December 15, 2005, the Oesterreichische Nationalbank (OeNB) held a workshop on “Price Setting and Inflation Persistence in Austria.” The aim of this workshop was to discuss the OeNB's recent research results in the field of price dynamics and inflation1 with policymakers and the scientific community. The papers presented at the workshop analyzed the price formation process and the determinants of inflation persistence in Austria from different perspectives and on the basis of various data sources. The first session addressed the degree and determinants of price rigidities at the micro level. Session 2 provided an analysis of inflation persistence in Austria at the aggregate and sector levels, while session 3 dealt with Austrian consumers' inflation perceptions. A policy panel discussion concluded the workshop.

Suggested Citation

  • Claudia Kwapil & Fabio Rumler, 2006. "Price Setting and Inflation Persistence in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 160-164.
    • Handle: RePEc:onb:oenbmp:y:2006:i:1:b:7
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    File URL: https://www.oenb.at/dam/jcr:bc7afa0f-664f-47fc-b7a1-7bec1ef1403f/mop_2006_q1_highlights01_tcm16-42112.pdf
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    Cited by:

    1. Tomasz Łyziak, 2009. "Is Inflation Perceived by Polish Consumers Driven by Prices of Frequently Bought Goods and Services?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 51(1), pages 100-117, March.

    More about this item

    Keywords

    price rigidity; price setting; price perception.;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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