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

Ignazio Angeloni (), Luc Aucremanne, Michael Ehrmann, Jordi Galí, Andrew Levin () and Frank Smets

Journal of the European Economic Association, 2006, vol. 4, issue 2-3, 562-574

Abstract: This paper evaluates new evidence on price-setting practices and inflation persistence in the euro area with respect to its implications for macro modeling. It argues that several of the most commonly used assumptions in micro-founded macro models are seriously challenged by the new findings. (JEL: E31, E52) (c) 2006 by the European Economic Association.

Date: 2006
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Working Paper: New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling (2015)
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:tpr:jeurec:v:4:y:2006:i:2-3:p:562-574

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