Search Results - subject:"Inflation persistence"

Price-setting in the French manufacturing sector : New evidence from survey data

Loupias, Claire; Ricart, Roland - In: Revue d'économie politique 116 (2006) 4, pp. 541-554

This paper reports the results of a survey conducted by the Banque de France during winter 2003-2004 to investigate the price-setting behaviour of French manufacturing companies. Prices are found to adjust infrequently; the median firm modifies the price of its main product only once a year....

Persistent link: https://www.econbiz.de/10008680234

The dynamics of European inflation expectations

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - 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/10010426367

Sticky information Phillips curves : European evidence

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - 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/10010426368

Firm-specific production factors in a DSGE model with Taylor price setting

De Walque, Gregory; Smets, Frank; Wouters, Rafael - 2006

This paper compares the Calvo model with a Taylor contracting model in the context of the Smets-Wouters (2003) Dynamic Stochastic General Equilibrium (DSGE) model. In the Taylor price setting model, we introduce firm-specific production factors and discuss how this assumption can help to reduce...

Persistent link: https://www.econbiz.de/10003367994

Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistence Network 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/10011622329

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

De la Croix, David; De Walque, Gregory; Wouters, Rafael - 2006

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

Persistent link: https://www.econbiz.de/10011618478

The asymmetry of inflation adjustment in Turkey

Çiçek, Serkan; Akar, Cüneyt - In: Economic Modelling 31 (2013) C, pp. 104-118

We investigated the dynamic behavior of the overall inflation rate, its subgroups, and inflation rates of traded and non-traded goods in Turkey between 1994:M1 and 2012:M5 by using a quantile autoregression approach developed by Koenker and Xiao (2004). This method makes no assumptions about the...

Persistent link: https://www.econbiz.de/10011048831

Robust monetary policy under model uncertainty and inflation persistence

Qin, Li; Sidiropoulos, Moïse; Spyromitros, Eleftherios - In: Economic Modelling 30 (2013) C, pp. 721-728

In this paper, we examine the inflation persistence puzzle by applying the robust control approach of Hansen and … Sargent (2008). In line with the literature suggesting that inflation persistence may be affected by the monetary policy … design and its institutional characteristics, we find that inflation persistence is positively related to the central bank …

Persistent link: https://www.econbiz.de/10011048922

On the role of heuristics—Experimental evidence on inflation dynamics

Lambsdorff, Johann Graf; Schubert, Manuel; Giamattei, Marcus - In: Journal of Economic Dynamics and Control 37 (2013) 6, pp. 1213-1229

We run an experiment where groups of six subjects must set prices in a non-stationary macroeconomic environment, where prices are complements. The exogenous variable, a business indicator, is common knowledge and prices are flexible, disregarding sticky prices or sticky information. In a first...

Persistent link: https://www.econbiz.de/10011051925

Exchange rate misalignment and inflation rate persistence: Evidence from Latin American countries

Giannellis, Nikolaos; Koukouritakis, Minoas - In: International Review of Economics & Finance 25 (2013) C, pp. 202-218

This paper tests the conjecture that inflation rate persistence in selected Latin American countries, namely Brazil, Mexico, Uruguay and Venezuela, is related with currency undervaluation. In this manner, we expect that the behaviour of inflation rates may be non linear reflecting the changing...

Persistent link: https://www.econbiz.de/10010588173