Search Results - subject:"Inflation persistence"

Price setting in France: new evidence from survey data

Loupias, Claire; Ricart, Roland - 2004

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

Persistent link: https://www.econbiz.de/10011604469

Inflation persistence revisited

Karanassou, Marika; Snower, Dennis J. - 2004

values, high degrees of inflation persistence (prolonged after-effects of inflation in response to temporary money growth …

Persistent link: https://www.econbiz.de/10010281028

How persistent is disaggregate inflation? An analysis across EU 15 countries and HICP sub-indices

Lünnemann, Patrick; Mathä, Thomas Y. - European Central Bank - 2004

This paper analyses the degree of inflation persistence in the EU15, the euro area and each of its member states using … moderate degree of median and mean inflation persistence. For most price indices we are able to reject the unit root hypothesis … the official HICP series. The latter tends to reduce the measured degree of inflation persistence. JEL Classification: E31 …

Persistent link: https://www.econbiz.de/10005530795

Euro area inflation differentials

Angeloni, Ignazio; Ehrmann, Michael - European Central Bank - 2004

growth rates arise within the European monetary union. We find that inflation persistence is a key potential explanatory …

Persistent link: https://www.econbiz.de/10005530920

Optimising Microfoundations for Inflation Persistence

Mash, Richard - Department of Economics, Oxford University - 2004

Much recent monetary policy literature has searched for structural models suitable for policy analysis that are both based on optimising microfoundations and consistent with the data, especially observed persistence in inflation and output. Few models do well on both criteria. We derive an...

Persistent link: https://www.econbiz.de/10004977859

Has Euro-area inflation persistence changed over time?

O'Reilly, Gerard; Whelan, Karl - School of Economics, University College Dublin - 2004

This paper analyzes the stability over time of the econometric process for Euro-area inflation since 1970, focusing in particular on the behaviour of the so-called persistence parameter (the sum of the coefficients on the lagged dependent variables). Perhaps surprisingly, in light of the Lucas...

Persistent link: https://www.econbiz.de/10011269542

Inflation Persistence under Semi-Fixed Exchange Rate Regimes:The European Evidence 1974-1998

Kool, C.J.M.; Lammertsma, A. - School of Economics, Universiteit Utrecht - 2004

In this paper, we empirically investigate the link between exchange rate accommodation and inflation persistence in … accommodation and inflation persistence for the smaller and more dependent ERM countries. No such link could be detected for the … support for the existence of the theoretically hypothesized link between exchange rate accommodation and inflation persistence. …

Persistent link: https://www.econbiz.de/10005040873

Explicit inflation objectives and macroeconomic outcomes

Levin, Andrew T.; Natalucci, Fabio M.; Piger, Jeremy M. - European Central Bank - 2004

We find evidence that adopting an explicit inflation objective plays a role in anchoring long-run inflation expectations and in reducing the intrinsic persistence of inflation. For the period 1994-2003, private-sector long-run inflation forecasts exhibit significant correlation with lagged...

Persistent link: https://www.econbiz.de/10005079098

Price Setting in France: new Evidence from Survey Data

Loupias, C.; Ricart, R. - Banque de France - 2004

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

Persistent link: https://www.econbiz.de/10005056534

The pricing behaviour of Italian firms: new survey evidence on price stickiness

Fabiani, Silvia; Gattulli, Angela; Sabbatini, Roberto - European Central Bank - 2004

This study examines price setting behaviour of Italian firms on the basis of the results of a survey conducted by Banca d’Italia in early 2003 on a sample of around 350 firms belonging to all economic sectors. Prices are mostly fixed following standard mark-up rules, although customer-specific...

Persistent link: https://www.econbiz.de/10005816151