{"id":"https://openalex.org/W2050834112","doi":null,"title":"Pricing Behaviour and the Response of Hours to Productivity Shocks","display_name":"Pricing Behaviour and the Response of Hours to Productivity Shocks","publication_year":2006,"publication_date":"2006-03-01","ids":{"openalex":"https://openalex.org/W2050834112","mag":"2050834112"},"language":"en","primary_location":{"id":"mag:3124169871","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:cpr:ceprdp:5504","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5036456134","display_name":"Domenico Junior Marchetti","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I103737770","display_name":"Bank of Italy","ror":"https://ror.org/03v2nbx43","country_code":"IT","type":"funder","lineage":["https://openalex.org/I103737770"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Domenico J. Marchetti","raw_affiliation_strings":["Bank of Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bank of Italy","institution_ids":["https://openalex.org/I103737770"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5069480452","display_name":"Francesco Nucci","orcid":"https://orcid.org/0000-0002-6356-4634","observed_orcids":["https://orcid.org/0000-0002-6356-4634"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Francesco Nucci","raw_affiliation_strings":["University of Rome I"],"raw_orcid":"https://orcid.org/0000-0002-6356-4634","affiliations":[{"raw_affiliation_string":"University of Rome I","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9848999977111816,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9848999977111816,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.00279999990016222,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.00279999990016222,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/working-hours","display_name":"working hours","score":0.5249999761581421},{"id":"https://openalex.org/keywords/technology-shocks","display_name":"productivity shocks","score":0.9539999961853027},{"id":"https://openalex.org/keywords/sticky-prices","display_name":"price stickiness","score":0.8379999995231628},{"id":"https://openalex.org/keywords/price-flexibility","display_name":"price flexibility","score":0.6330000162124634},{"id":"https://openalex.org/keywords/price-review","display_name":"price review","score":0.515999972820282},{"id":"https://openalex.org/keywords/total-factor-productivity","display_name":"total factor productivity","score":0.7450000047683716},{"id":"https://openalex.org/keywords/manufacturing-firms","display_name":"manufacturing companies","score":0.7639999985694885},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.5799999833106995},{"id":"https://openalex.org/keywords/market-power","display_name":"market power","score":0.7459999918937683}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7963696718215942},{"id":"https://openalex.org/C120009192","wikidata":"https://www.wikidata.org/wiki/Q1936153","display_name":"Total factor productivity","level":3,"score":0.6233963370323181},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.6162779331207275},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5641022324562073},{"id":"https://openalex.org/C127598652","wikidata":"https://www.wikidata.org/wiki/Q558635","display_name":"Per capita","level":3,"score":0.497999906539917},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.4870770275592804},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4736272692680359},{"id":"https://openalex.org/C2775881736","wikidata":"https://www.wikidata.org/wiki/Q1274157","display_name":"Market power","level":3,"score":0.4681442379951477},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.46606093645095825},{"id":"https://openalex.org/C3019439881","wikidata":"https://www.wikidata.org/wiki/Q1200230","display_name":"Price setting","level":2,"score":0.430764377117157},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.41760244965553284},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3927313983440399},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2269291877746582},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.17734402418136597},{"id":"https://openalex.org/C2781127519","wikidata":"https://www.wikidata.org/wiki/Q43637","display_name":"Monopoly","level":2,"score":0.060446202754974365},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"mag:3124169871","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:cpr:ceprdp:5504","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:cpr:ceprdp:5504","doi":null,"is_oa":false,"landing_page_url":"http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=5504","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.9211000204086304}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":53,"referenced_works":["https://openalex.org/W1480899479","https://openalex.org/W1484441916","https://openalex.org/W1556716085","https://openalex.org/W1565905637","https://openalex.org/W1591719471","https://openalex.org/W1836463685","https://openalex.org/W1969505795","https://openalex.org/W1977872628","https://openalex.org/W1989864366","https://openalex.org/W1991009982","https://openalex.org/W2004308351","https://openalex.org/W2018241266","https://openalex.org/W2024108674","https://openalex.org/W2025610165","https://openalex.org/W2041825877","https://openalex.org/W2060606743","https://openalex.org/W2062423352","https://openalex.org/W2064360179","https://openalex.org/W2064376073","https://openalex.org/W2089377638","https://openalex.org/W2089853409","https://openalex.org/W2093769532","https://openalex.org/W2095448826","https://openalex.org/W2098439506","https://openalex.org/W2106045992","https://openalex.org/W2115561006","https://openalex.org/W2135874057","https://openalex.org/W2138009450","https://openalex.org/W2140898820","https://openalex.org/W2143383948","https://openalex.org/W2148821773","https://openalex.org/W2163329495","https://openalex.org/W2166865502","https://openalex.org/W2168446738","https://openalex.org/W2171944112","https://openalex.org/W2189181607","https://openalex.org/W2890450911","https://openalex.org/W2891503265","https://openalex.org/W3021040265","https://openalex.org/W3021123037","https://openalex.org/W3022243815","https://openalex.org/W3022712314","https://openalex.org/W3023652150","https://openalex.org/W3122063600","https://openalex.org/W3122181545","https://openalex.org/W3122418294","https://openalex.org/W3123385679","https://openalex.org/W3123566796","https://openalex.org/W3124085865","https://openalex.org/W3124587734","https://openalex.org/W3125119367","https://openalex.org/W3125689834","https://openalex.org/W3125972171"],"related_works":["https://openalex.org/W3124988569","https://openalex.org/W7099978540","https://openalex.org/W1602843943","https://openalex.org/W7100594204","https://openalex.org/W2943511969","https://openalex.org/W1595377387","https://openalex.org/W7096347379","https://openalex.org/W2621048535","https://openalex.org/W2089377638","https://openalex.org/W7100157067"],"abstract_inverted_index":{"Recent":[0],"contributions":[1],"have":[2,7,27,40],"suggested":[3],"that":[4,91],"technology":[5],"shocks":[6,79],"a":[8,56,63,74,106],"negative":[9,75],"impact":[10],"on":[11,71,80],"hours,":[12],"contrary":[13],"to":[14],"the":[15,22,47,83,92,110,131],"prediction":[16],"of":[17,21,35,58,66,77,86,112,133],"standard":[18],"flexible-price":[19,43],"models":[20,44],"business":[23],"cycle.":[24],"Some":[25],"authors":[26],"interpreted":[28],"this":[29,52],"finding":[30,49],"as":[31],"evidence":[32],"in":[33,109],"favour":[34],"sticky-price":[36],"models,":[37],"while":[38],"others":[39],"either":[41],"extended":[42],"or":[45,118],"disputed":[46],"empirical":[48],"itself.":[50],"In":[51],"paper":[53],"we":[54,89],"estimate":[55],"variety":[57],"alternative":[59,128],"TFP":[60],"measures":[61],"for":[62,97,130],"representative":[64],"sample":[65],"Italian":[67],"manufacturing":[68],"firms":[69,98],"and":[70],"average":[72],"find":[73],"effect":[76,94],"productivity":[78],"hours.":[81],"Using":[82],"reported":[84],"frequency":[85],"price":[87],"reviews,":[88],"show":[90],"contractionary":[93],"is":[95],"stronger":[96],"with":[99],"more":[100],"flexible":[101],"prices.":[102],"Price":[103],"stickiness":[104],"remains":[105],"crucial":[107],"factor":[108],"response":[111],"hours":[113,134],"even":[114],"if":[115],"product":[116],"storability":[117],"market":[119],"power":[120],"are":[121],"allowed":[122],"for.":[123],"Our":[124],"results":[125],"hold":[126],"under":[127],"assumptions":[129],"stationarity":[132],"per":[135],"capita.":[136]},"counts_by_year":[{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}
