New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modeling

This paper evaluates new evidence on price-setting practices and inflation persistence in the euro area with respect to its implications for macro modeling. It argues that several of the most commonly used assumptions in micro-founded macro models are seriously challenged by the new findings. (JEL: E31, E52) (c) 2006 by the European Economic Association.

MoreLess

Year of publication:	2006
Authors:	Angeloni, Ignazio ; Aucremanne, Luc ; Ehrmann, Michael ; Galí, Jordi ; Levin, Andrew ; Smets, Frank
Published in:	Journal of the European Economic Association. - MIT Press. - Vol. 4.2006, 2-3, p. 562-574
Publisher:	MIT Press

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005814584