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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10013257642
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10013361901
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New Facts on Consumer Price Rigidity in the Euro Area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10014078066
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New Facts on Consumer Price Rigidity in the Euro Area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
inflation and it responds very little to aggregate shocks; (vi) changes in inflation are mostly driven by movements in the … with the predictions of a menu cost model in a low-inflation environment in which idiosyncratic shocks are a more relevant …
Persistent link: https://www.econbiz.de/10014080795
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New Facts on Consumer Price Rigidity in the Euro Area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
20%; (v) the overall frequency of price changes does not change much with inflation and does not react much to aggregate … shocks; (vi) changes in inflation are mostly driven by movements in the overall size; when decomposing the overall size … size of price decreases. These findings are consistent with the predictions of a menu cost model in a low inflation …
Persistent link: https://www.econbiz.de/10014081152
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New Facts on Consumer Price Rigidity in the Euro Area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10014081986
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New Facts on Consumer Price Rigidity in the Euro Area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10014082035
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices change, which compares with 19.3% in the United...
Persistent link: https://www.econbiz.de/10013256560
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10014238020
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New Facts on Consumer Price Rigidity in the Euro Area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10014243028