Fougère, Denis; Gautier, Erwan; Le Bihan, Hervé - Institute for the Study of Labor (IZA) - 2009
services sector
are known to be rare. In the euro area and in the US, only 5.6% and 15% of service prices
are respectively modi …-food restaurants
(see Table 1). This result is quite consistent with previous �ndings in the US and in the euro
area. Using US data … price changes equal to 6.5%. For the
euro area, Dhyne et al. (2006) report a frequency equal to 4.7%. Owing to this …