Dhyne, Emmanuel; Álvarez, Luis J.; Bihan, Hervé le; … - Banco de España - 2005
This paper documents patterns of price setting at the retail level in the euro area. A set of stylized facts on the … adjustment in the euro area can be summarized in six stylized facts. First, prices of most products change rarely. The average …. Sixth, price changes are not highly synchronized across price-setters. Moreover, the frequency of price changes in the euro …