Boivin, Jean (contributor); Giannoni, Marc Paolo (contributor) - 2006
in inflation, have been argued to replicate many
features of aggregate data (e.g., Rotemberg and Woodford, 1997 … and Klenow (2004) argue that sectorial
inflation rates are much more volatile and short-lived than implied by simple … duration
is then similar to the one found in Euro area data (see, e.g., Dhyne et al., 2005, and several other studies
which are …