Paper #910

Títol:

New evidence on inflation persistence and price stickiness in the Euro area: Implications for macro modelling

Autors:

Ignazio Angelloni, Luc Aucremanne, Michael Ehrmann, Jordi Galí, Andrew Levin i Frank Smets

Data:

Setembre 2005

Resum:

This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to its implications for macro modelling. It argues that several of the most commonly used assumptions in micro-founded macro models are seriously challenged by the new findings.

Paraules clau:

Price setting practices, macro modellling

Codis JEL:

E31, E52

Àrea de Recerca:

Macroeconomia i Economia Internacional

Publicat a:

Journal of the European Economic Association, vol. 4 (2-3), 562-574, April-May 2006

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