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Drivers of price inertia: Survey evidence

https://doi.org/10.32609/0042-8736-2018-8-136-147

Abstract

The paper investigates the pricing behaviour of firms on the basis of a survey conducted by the Bank of Russia. The results show some price inertia factors which can be caused by inflation expectations adaptability, inflexible pricing policy and wage growth. These potential sources of price inertia can impede slowing down of inflation processes in the economy.

About the Authors

N. A. Karlova
Bank of Russia
Russian Federation

Natalia A. Karlova

Moscow



I. V. Bogacheva
Bank of Russia
Russian Federation

Irina V. Bogacheva

Moscow



E. V. Puzanova
Bank of Russia
Russian Federation

Elena V. Puzanova

Moscow



References

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4. Fabiani S., Druant M., Hernando I., Kwapil C., Landau B., Loupias C., Martins F., Mathä T., Sabbatini R., Stahl H., Stokman A. C. (2005). The pricing behaviour of firms in the euro area: New survey evidence. NBB Working Paper, No. 76.

5. Greenslade J. V., Parker M. (2008). Price-setting behaviour in the United Kingdom. Bank of England Quarterly Bulletin, Vol. 48, No. 4, pp. 404—415.

6. Hall S., Walsh M., Yates A. (1997). How do UK companies set prices? Bank of England Working Paper, No. 67.

7. Hall S., Walsh M., Yates A. (2000). Are UK companies’ prices sticky? Oxford Economic Papers, Vol. 52, pp. 425—446.


Review

For citations:


Karlova N.A., Bogacheva I.V., Puzanova E.V. Drivers of price inertia: Survey evidence. Voprosy Ekonomiki. 2018;(8):136-147. (In Russ.) https://doi.org/10.32609/0042-8736-2018-8-136-147

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ISSN 0042-8736 (Print)