Using micro price data covering the Great Recession period, we investigate new patterns of price rigidity for France. Even after taking into account sales and replacements, price are more rigid than in the United States. The frequency of price changes lies between 15% to 19.3% whereas this...

This paper studies whether menu costs are large enough to explain why firms are so reluctant to change their prices. Without actually estimating menu costs, we can infer their relevance for firms' price setting decisions from observed pricing behavior around a currency changeover. At a currency...

This paper studies whether menu costs are large enough to explain why firms are so reluctant to change their prices. Without actually estimating menu costs, we can infer their relevance for firms' price setting decisions from observed pricing behavior around a currency changeover. At a currency...