Search Results - subject:"Inflation persistence"

The pricing behaviour of firms in the euro area: new survey evidence

Fabiani, Silvia; Druant, Martine; Hernando, Ignacio; … - 2005

This study investigates the pricing behaviour of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The results, robust across countries, show that firms operate in monopolistically competitive markets, where...

Persistent link: https://www.econbiz.de/10011604581

Inflation persistence and monetary policy design: an overview

Levin, Andrew T.; Moessner, Richhild - 2005

How monetary policy should be set optimally when the structure of the economy exhibits inflation persistence is an … important question for policy makers. This paper provides an overview of the implications of inflation persistence for the …

Persistent link: https://www.econbiz.de/10011604585

Optimal discretionary policy and uncertainty about inflation persistence

Moessner, Richhild - 2005

This paper studies optimal discretionary policy with parameter uncertainty about inflation inertia. Optimal policy rules and impulse responses are presented within a hybrid New-Keynesian model estimated for the euro area by Smets (2003). We find that it may be optimal for policy to respond more...

Persistent link: https://www.econbiz.de/10011604586

The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics

Christoffel, Kai; Linzert, Tobias - 2005

In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions affect the transmission process of monetary policy. The...

Persistent link: https://www.econbiz.de/10011604602

The price setting behaviour of Portuguese firms: evidence from survey data

Martins, Fernando - 2005

This paper analyses the results of a survey conducted by the Banco de Portugal with the main purpose of investigating firms’ price setting behaviour. The evidence points to the presence of a considerable degree of price stickiness, which seems to be higher in services than in manufacturing....

Persistent link: https://www.econbiz.de/10011604608

Regulated and services’ prices and inflation persistence

Lünnemann, Patrick; Mathä, Thomas Y. - European Central Bank - 2005

This paper analyses the degree of price rigidity and of inflation persistence across different product categories with … inflation persistence, we find that, for most of the EU15 countries as well as for the EU15 and the euro area aggregates …, excluding services from the full HICP results in a reduction in the measured degree of inflation persistence; for regulated …

Persistent link: https://www.econbiz.de/10005530677

Break in the mean and persistence of inflation: a sectoral analysis of French CPI

Bilke, Laurent - European Central Bank - 2005

mean break, both aggregate and sectoral inflation persistence are stable and low, with the unit root lying far in the tail … price changes (at the firm level) appears positively related with inflation persistence (at the aggregate level). JEL …

Persistent link: https://www.econbiz.de/10005530719

Optimal discretionary policy and uncertainty about inflation persistence

Moessner, Richhild - European Central Bank - 2005

Persistent link: https://www.econbiz.de/10005530896

Inflation persistence and monetary policy design: an overview

Levin, Andrew T.; Moessner, Richhild - European Central Bank - 2005

Persistent link: https://www.econbiz.de/10005530971

The pricing behaviour of firms in the euro area: new survey evidence

Fabiani, Silvia; Druant, Martine; Hernando, Ignacio; … - European Central Bank - 2005

Persistent link: https://www.econbiz.de/10004969170