title: “Surprises in Prices: Firms' Price Expectations and Changes in Their Price Plans”

# Authors

# If you created a profile for a user (e.g. the default admin user), write the username (folder name) here

# and it will be replaced with their full name and linked to their profile.

authors:

- admin

# Author notes (optional)

# author_notes:

# - “Equal contribution”

date: “2022-08-01”

doi: ""

# Schedule page publish date (NOT publication’s date).

publishDate: “2021-06-11”

# Publication type.

# Legend: 0 = Uncategorized; 1 = Conference paper; 2 = Journal article;

# 3 = Preprint / Working Paper; 4 = Report; 5 = Book; 6 = Book section;

# 7 = Thesis; 8 = Patent

publication_types: [“4”]

# Publication name and optional abbreviated publication name.

# publication: Swiss Journal of Economics and Statistics (2020) 156:13

# publication_short: Swiss Journal of Economics and Statistics 156:13

# abstract: In this paper, we examine the scope and implications of recent changes in price stickiness based on the micro price data underlying the CPI for Switzerland. We find that the average frequency of price changes and the heterogeneity of adjustment frequencies across product groups increased between 2008 and 2019. The rise in e-commerce turns out to be a major contributing factor for both these changes. Monetary non-neutrality is weakened by the increase in the average price adjustment frequency and strengthened by the increased heterogeneity of price adjustment frequencies across product groups. The two effects roughly balance between 2008–2011 and 2016–2019, implying that the net effect on monetary policy transmission has been minor.

# Summary. An optional shortened abstract.

# summary: Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis posuere tellus ac convallis placerat. Proin tincidunt magna sed ex sollicitudin condimentum.

tags: []

# Display this page in the Featured widget?

featured: false

# Custom links (uncomment lines below)

links:

# - name: Slides (June 2021)

# url: Slides_Version_June_2021.pdf

# icon_pack: fas

# icon: chalkboard

# - name: Draft (Introduction)

# url: Draft_coming_soon.pdf

# icon_pack: far

# icon: file-alt

# - icon: twitter

# icon_pack: fab

# name: Follow

# url: https://twitter.com/georgecushen

url_pdf: ''

url_code: ''

url_dataset: ''

url_poster: ''

url_project: ''

url_slides: ''

url_source: ''

url_video: ''

# Featured image

# To use, add an image named featured.jpg/png to your page’s folder.

# image:

# caption: ‘Image credit: Unsplash

# focal_point: ""

# preview_only: false

# Associated Projects (optional).

# Associate this publication with one or more of your projects.

# Simply enter your project’s folder or file name without extension.

# E.g. internal-project references content/project/internal-project/index.md.

# Otherwise, set projects: [].

# projects:

# - example

# Slides (optional).

# Associate this publication with Markdown slides.

# Simply enter your slide deck’s filename without extension.

# E.g. slides: "example" references content/slides/example/index.md.

# Otherwise, set slides: "".

# slides: example

Pascal Seiler
Pascal Seiler
PhD candidate and Consultant