IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Kapazitätsauslastung, Produktionshemmnisse und Preisanpassungen unter dem Mikroskop

Für die Analyse der Inflationsdynamik auf gesamtwirtschaftlicher Ebene ist das Zusammenspiel von Kapazitätsauslastung, Produktionshemmnissen und Preisanpassungen auf Unter nehmensebene von zentraler Bedeutung. Kapazitätsbeschränkungen behindern kurzfristig die Möglichkeiten der Unternehmen, ihre Produktion auszuweiten, was üblicherweise zu Preiserhöhungen führt. In dieser Analyse können wir für die Schweiz empirisch zeigen, dass Preiserhöhungen in der Tat wahrscheinlicher werden, wenn Unternehmen mit Kapazitätsbeschränkungen konfrontiert sind. So führt eine Behinderung der Produktion durch einen Mangel an Arbeitskräften oder unzureichende technische Kapazitäten zu höheren Preisen. Es zeigt sich jedoch auch, dass Unternehmen ihre Preise senken, wenn ihre Produktion auf eine ungenügende Nachfrage trifft. Übertragen auf die Makroebene sprechen diese Resultate für eine nichtlineare Phillipskurve. Die Inflationsrate steigt in Aufschwungsoder Boomphasen, in denen Kapazitätsbeschränkungen häufig auftreten, stärker als in Phasen mit normaler wirtschaftlicher Aktivität; umgekehrt sinkt die Inflationsrate in Konjunkturphasen mit ungenügender Nachfrage überproportional. Die volkswirtschaftlichen Kosten der Inflations bekämpfung lassen sich verringern, wenn die Notenbanken dieser konvex-konkaven Form der Phillips-Kurve Rechnung tragen.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: https://kofportal.kof.ethz.ch/publications/download/2242/2011_4_winter_spezialanalyse_2.pdf
Download Restriction: no

Article provided by KOF Swiss Economic Institute, ETH Zurich in its journal KOF Analysen.

Volume (Year): 5 (2011)
Issue (Month): 4 (December)
Pages: 43-54

as
in new window

Handle: RePEc:kof:anskof:v:5:y:2011:i:4:p:43-54
Contact details of provider: Postal: Leonhardstrasse 21, CH-8092 Zürich
Phone: +41 44 632 42 39
Fax: +41 44 632 12 18
Web page: http://www.kof.ethz.ch
Email:


More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Schaling, Eric, 2004. "The Nonlinear Phillips Curve and Inflation Forecast Targeting: Symmetric versus Asymmetric Monetary Policy Rules," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(3), pages 361-86, June.
  2. Alvarez-Lois, Pedro P., 2004. "Capacity constraints, idiosyncratic demand uncertainty and the dynamics of inflation," Economics Letters, Elsevier, vol. 83(1), pages 15-21, April.
  3. Laxton, Douglas & Rose, David & Tambakis, Demosthenes, 1999. "The U.S. Phillips curve: The case for asymmetry," Journal of Economic Dynamics and Control, Elsevier, vol. 23(9-10), pages 1459-1485, September.
  4. James H. Stock & Mark W. Watson, 2010. "Modeling inflation after the crisis," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 173-220.
  5. Giovanni P. Olivei & Michelle L. Barnes, 2004. "Inside and Outside Bounds: Threshold Estimates of the Phillips Curve," Econometric Society 2004 Australasian Meetings 295, Econometric Society.
  6. Sarah M. Lein & Eva Köberl, 2009. "Capacity Utilisation, Constraints and Price Adjustments under the Microscope," KOF Working papers 09-239, KOF Swiss Economic Institute, ETH Zurich.
  7. Chamberlain, Gary, 1980. "Analysis of Covariance with Qualitative Data," Review of Economic Studies, Wiley Blackwell, vol. 47(1), pages 225-38, January.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:kof:anskof:v:5:y:2011:i:4:p:43-54. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.