Gauging Price Flexibility from UK Business Surveys

Ellis, Colin

doi:10.2139/ssrn.1467815

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Gauging Price Flexibility from UK Business Surveys

7 Pages Posted: 5 Sep 2009 Last revised: 9 Jan 2011

See all articles by Colin Ellis

Colin Ellis

Hult International Business School (London)

Date Written: October 22, 2008

Abstract

This paper uses regular business surveys of UK activity to gauge price flexibility. These imply an average price duration of two to three quarters, and this is stable across sectors. Strict time-dependent pricing does not hold over the long run, and there is evidence that firms introduce some nominal rigidity into the economy.

Keywords: Price duration, Business Surveys

JEL Classification: E31

Suggested Citation: Suggested Citation

Ellis, Colin, Gauging Price Flexibility from UK Business Surveys (October 22, 2008). Available at SSRN: https://ssrn.com/abstract=1467815 or http://dx.doi.org/10.2139/ssrn.1467815