New evidence on inflation persistence and price stickiness in the Euro area: Implications for macro modelling


Autoria(s): Angelloni, Ignazio; Aucremanne, Luc; Ehrmann, Michael; Galí, Jordi; Levin, Andrew; Smets, Frank
Contribuinte(s)

Universitat Pompeu Fabra. Departament d'Economia i Empresa

Data(s)

01/03/2006

Resumo

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.

Identificador

http://hdl.handle.net/10230/794

Idioma(s)

eng

Direitos

L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons

info:eu-repo/semantics/openAccess

<a href="http://creativecommons.org/licenses/by-nc-nd/3.0/es/">http://creativecommons.org/licenses/by-nc-nd/3.0/es/</a>

Palavras-Chave #Macroeconomics and International Economics #price setting practices #macro modellling
Tipo

info:eu-repo/semantics/workingPaper