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What to expect of the euro? Analysing price differences of individual products in Luxembourg and its surrounding regions

Mathä, Thomas - Central Bank of Luxembourg - 2003

This paper uses individual supermarket prices and analyses to what extent absolute deviations from the law of one price are attributable to transaction costs. The results indicate that absolute percentage price differences are increasing in distance, but at a decreasing rate. Similarly, crossing...

Persistent link: https://www.econbiz.de/10009276955

Consumer price behaviour in Luxembourg: evidence from micro CPI data

Lünnemann, Patrick; Mathä, Thomas - Central Bank of Luxembourg - 2005

inflation, wage adjustment due to indexation, the cash changeover and a larger number of competitors increase the probability of …

Persistent link: https://www.econbiz.de/10009276965

Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation

Walque, Gregory de; Pierrard, Olivier; Sneessens, Henri; … - Central Bank of Luxembourg - 2008

inflation persistence. The closer to zero is this parameter, (i ) the more firms adjust on the intensive margin, reducing … power in the hours negotiation, we produce realistic labor market statistics together with inflation persistence. …

Persistent link: https://www.econbiz.de/10009276972

Are internet prices sticky?

Lünnemann, Patrick; Wintr, Ladislav - Central Bank of Luxembourg - 2006

This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional brick-and-mortar stores and provides a cross-country perspective. The data set covers a broad range of items typically sold over the Internet. It includes more than 5 million...

Persistent link: https://www.econbiz.de/10009276980

Nominal rigidities and inflation persistence in Luxembourg: a comparison with EU 15 member countries with particular focus on services and regulated prices

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

This paper analyses the degree of price rigidity and of inflation persistence across different product categories with … overall 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 …

Persistent link: https://www.econbiz.de/10009276983

Co-variation des taux de croissance sectoriels au Luxembourg: l?apport des corrélations conditionnelles dynamiques

Rouabah, Abdelaziz - Central Bank of Luxembourg - 2007

Cette analyse emploie le modèle des corrélations conditionnelles dynamiques développées récemment par Engle (2002) pour déterminer le caractère synchrone ou asynchrone des mouvements des taux de croissance de la valeur ajoutée des différents secteurs économiques au Luxembourg. Le...

Persistent link: https://www.econbiz.de/10009276970

Règle de Taylor: estimation et interprétation pour la zone euro et pour le Luxembourg

Lünnemann, Patrick; Rouabah, Abdelaziz - Central Bank of Luxembourg - 2003

Dans cette contribution, nous tentons de mener une analyse sur la compatibilité du comportement de l'Eurosystème en matière de conduite de la politique monétaire avec la règle dite de Taylor. Cette dernière a pour ambition d'établir une ligne de conduite qui s'impose aux autorités...

Persistent link: https://www.econbiz.de/10009276977