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This paper analyses the implications of the evidence on micro price setting gathered by Price-setting Microdata Analysis Network (PRISMA) for inflation dynamics and monetary policy, relying on calibrated models and direct empirical evidence. According to models calibrated to the euro area micro...
Persistent link: https://www.econbiz.de/10014353271
Persistent link: https://www.econbiz.de/10010512512
This paper analyses the implications of the evidence on micro price setting gathered by Price-setting Microdata Analysis Network (PRISMA) for inflation dynamics and monetary policy, relying on calibrated models and direct empirical evidence. According to models calibrated to the euro area micro...
Persistent link: https://www.econbiz.de/10014316106
Increasing evidence shows that in the aftermath of the global financial crisis, in the euro area, the relationship between price inflation and economic slack became stronger. Instead, there is no clear evidence of a strong(er) relationship between wage inflation and unemployment. In this paper,...
Persistent link: https://www.econbiz.de/10011986228
Increasing evidence shows that after a flattening occurred in the immediate aftermath of the global financial crisis, the relationship between price inflation and economic slack became stronger in the euro area. By contrast, there is no clear evidence of a strong(er) relationship between wage...
Persistent link: https://www.econbiz.de/10012964004
One of the key questions about the current economic recovery in the euro area is why the decline in unemployment recorded since the second half of 2013 has been accompanied by subdued growth in nominal wages. In this paper we adopt a Phillips curve framework to assess whether alternative...
Persistent link: https://www.econbiz.de/10012927905
Persistent link: https://www.econbiz.de/10014427404
Persistent link: https://www.econbiz.de/10011888671
Persistent link: https://www.econbiz.de/10011845672
Increasing evidence shows that in the aftermath of the global financial crisis, in the euro area, the relationship between price inflation and economic slack became stronger. Instead, there is no clear evidence of a strong(er) relationship between wage inflation and unemployment. In this paper,...
Persistent link: https://www.econbiz.de/10011710857