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

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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Year of publication:	2005-09
Authors:	Angeloni, Ignazio ; Aucremanne, Luc ; Ehrmann, Michael ; Galí, Jordi ; Levin, Andrew ; Smets, Frank
Institutions:	Barcelona Graduate School of Economics (Barcelona GSE)
Subject:	NULL

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 242
Classification:	E31 - Price Level; Inflation; Deflation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010851363