Price Stickiness in the Euro Area

Luca Dedola, Erwan Gautier, Chiara Osbat and Sergio Santoro

Working papers from Banque de France

Abstract: This chapter reviews the empirical evidence on price stickiness in the euro area. We provide an overview of the different sources of granular consumer and producer price data now available in the euro area. We document new stylized facts on price adjustment in the euro area over the last 20 years. We first present results on the frequency and size of price adjustment in the cross-section dimension. Then we describe some results on the evolution of price stickiness over time. We also derive some implications for the micro-foundations of macro models, discussing the consistency of available evidence with predictions of state- and time-dependent models.

Keywords: Nominal Rigidities; Inflation; Micro Data; Euro Area (search for similar items in EconPapers)
JEL-codes: D40 E31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2024
New Economics Papers: this item is included in nep-eec, nep-eur and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:958

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