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Pricing Decisions in the Euro Area
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Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Silvia Fabiani, Claire Suzanne Loupias, Fernando Manuel Monteiro Martins, and Roberto Sabbatini


Theoretical research undertaken over the last decades showed that the nature of nominal rigidities plays a key role in determining the effects of different shocks on the economy. This research has made clear that a thorough understanding of the extent and causes of the sluggish adjustment of nominal prices is crucial to the design and conduct of monetary policy. This book presents the main results of a research program undertaken by the Eurosystem central banks on price setting decisions by firms in the euro area. Its objective is to deepen our understanding of the behavioral mechanisms drivin ... More

Keywords: Price setting, euro area firms, nominal rigidities, survey data, monetary policy, producer prices, consumer prices

Bibliographic Information

Print publication date: 2007 Print ISBN-13: 9780195309287
Published to Oxford Scholarship Online: September 2007 DOI:10.1093/acprof:oso/9780195309287.001.0001


Affiliations are at time of print publication.

Silvia Fabiani, editor
Bank of Italy

Claire Suzanne Loupias, editor
Bank of France

Fernando Manuel Monteiro Martins, editor
Bank of Portugal


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