New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling

Ignazio Angeloni (), Luc Aucremanne, Michael Ehrmann, Andrew Levin (), Frank Smets and Jordi Galí
Authors registered in the RePEc Author Service: Jordi Galí

No 242, Working Papers from Barcelona School of Economics

Abstract: 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.

JEL-codes: E31 E52 (search for similar items in EconPapers)
Date: 2015-09
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Citations: View citations in EconPapers (13)

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Related works:
Journal Article: New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modeling (2006)
Working Paper: New evidence on inflation persistence and price stickiness in the Euro area: Implications for macro modelling (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:bge:wpaper:242

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