Álvarez, Luis J.; Burriel, Pablo; Hernando, Ignacio - European Central Bank - 2005
, government intervention, level of inflation, seasonality, and the practice of using attractive prices) and presents a comparison … mitigates price stickiness. We find that prices do not change often but do so by a large amount. The cost structure, proxied by … price flexibility. We also find some evidence that producer prices are more flexible than consumer prices. JEL …