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Title:
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New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling
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Author:
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Angeloni, I.; Aucremanne, Luc; Ehrmann, Michael; Galí, Jordi; Levin, Andrew T.; Smets, Frank
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Other authors:
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Universitat Pompeu Fabra. Departament d'Economia i Empresa |
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Abstract:
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This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to its implications for macro modelling. It argues that several of the most commonly used assumptions in micro-founded macro models are seriously challenged by the new findings. |
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Publication date:
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2006-03-01 |
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Subject(s):
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Price setting practices, macro modellling |
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Rights:
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Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
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Document type:
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Working Paper |
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