Search Results - subject:"Inflation persistence"

Price setting and inflation persistence: did EMU matter?

Angeloni, Ignazio; Aucremanne, Luc; Ciccarelli, Matteo - European Central Bank - 2006

Surprisingly it did not, or at least not directly. Using micro data on consumer prices and sectoral inflation rates from 6 euro area countries, spanning several years before and after the introduction of the euro, we look at whether EMU has altered the behaviour of retail price setting and/or...

Persistent link: https://www.econbiz.de/10005530893

The Euro and Inflation Uncertainty in the European Monetary Union

Caporale, Guglielmo Maria; Kontonikas, Alexandros - CESifo - 2006

-state inflation has generally remained stable, steady-state inflation uncertainty and inflation persistence have both increased, and …

Persistent link: https://www.econbiz.de/10005406171

Sticky Information Phillips Curves: European Evidence

Dovern, Jonas; Doepke, Joerg; Fritsche, Ulrich; … - Fachbereich Sozialökonomie, Universität Hamburg - 2006

We estimate the sticky information Phillips curve model ofMankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in...

Persistent link: https://www.econbiz.de/10005464591

The Dynamics of European Inflation Expectations

Dovern, Jonas; Doepke, Joerg; Fritsche, Ulrich; … - Fachbereich Sozialökonomie, Universität Hamburg - 2006

We investigate the relevance of the Carroll’s sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation expectations we argue that the model adequately captures the...

Persistent link: https://www.econbiz.de/10005464596

An Empirical Analysis of Price Stickiness and Price Revision Behavior in Japan Using Micro CPI Data

Sonoda, Katsurako - Bank of Japan - 2006

price adjustment. Nevertheless, over the same period, inflation persistence has been observed from the year-on-year percent …

Persistent link: https://www.econbiz.de/10010907510

Inflation persistence and price-setting behaviour in the euro area – a summary of the IPN evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

Persistent link: https://www.econbiz.de/10011606198

Dynamics and monetary policy in a fair wage model of the business cycle

David, DE LA CROIX; Gregory, DE WALQUE; Rafael, WOUTERS - Institut de Recherche Économique et Sociale (IRES), … - 2006

other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our fair …

Persistent link: https://www.econbiz.de/10004984791

Inflation Dynamics in Latin America

Capistrán, Carlos; Francia, Manuel Ramos - Banco de México - 2006

We analyze inflation's persistence in the 1980-2006 period for the ten largest Latin American economies using … univariate time-series techniques. Although the estimated degree of inflation persistence appears to be different across …

Persistent link: https://www.econbiz.de/10004989549

Dynamics and monetary policy in a fair wage model of the business cycle

DE LA CROIX, David; DE WALQUE, Gregory; WOUTERS, Rafael - Center for Operations Research and Econometrics (CORE), … - 2006

other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our …

Persistent link: https://www.econbiz.de/10005043496

The Dynamics of European Inflation Expectations

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

We investigate the relevance of the Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation expectations we argue that the model adequately captures the...

Persistent link: https://www.econbiz.de/10004963913