Mac'kowiak, Bartosz; Smets, Frank - 2008
.1 Micro price data in the United States 10
2.2 Micro price data in the euro area 18
2.3 Cross-country evidence 20
2.4 Survey … sectors of the economy. Second, prices appear to change less frequently
in the euro area than in the United States. The …
item substitutions are included or excluded. The median consumer price lasts about 11
months in the euro area. Third, when …