OeNB Freitagseminar with Mathias Klein

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What flattens the supply curve?

OeNB Freitagseminar with Mathias Klein, Sveriges Riksbank

We compile a unique dataset with over 20 years of monthly price and real output data for Swedish industrial firms and use it to estimate the short and medium-run responses of prices and quantities to exogenous demand shocks. A 1 percent increase in output due to demand shocks raises prices by 0.35% within a year. The supply curve's elasticity varies with economic conditions and firm characteristics. It flattens with financial uncertainty and steepens during inflationary periods. Higher supply elasticities are found in firms with low competition, labor costs, and sales volatility.

Date
Friday, 6 June 2025 | Start: 11:00 AM | End: 12:30 PM                      

Venue
The event is planned both, online via Webex and onsite at the Oesterreichische Nationalbank, Otto-Wagner-Platz 3, 1090 Vienna, Meeting Room M3080, 3rd floor.

Please register by June 4,  2025, at the latest.

  • Contact

    • Event Management
      Phone: +43 (1) 404 20-6920