The paper presents results of the studies on price-setting behaviour of Polish firms conducted by the NBP in comparison with the results of the IPN ECB project that covers 9 euro area countries. The analysed sample of Polish firms is above all composed of large enterprises that are in good economic condition.
The results of our research showed that in most companies prices are cost-based. Prices discrimination, like in euro area countries, is very common. There is some evidence that price rigidity in Poland is lower than in the euro area, but is gradually rising. Basically, we can point two reasons: the fear that competitors will not change their prices, and contracts with customers. The price-change determinants are similar both in Polish and EU companies: the rising prices of raw materials and competitors' price changes.

Keywords: price setting; price rigidity; time-dependent pricing, state-dependent pricing, survey data

  Zofia Jankiewicz, Danuta Kołodziejczyk - The Price-setting Behaviour of Polish Firms. Comparison Between the Euro Area and Poland - plik pdf; (975 KB)