The Dual Stickiness Model and Inflation Dynamics in Spain

Diego José Torres

MPRA Paper from University Library of Munich, Germany

Abstract: We estimate a model that integrates sticky prices and sticky information using Spanish data following Dupor et. al (2008). The model yields three empircal facts: a-) the frequency of price changes (around one year), b-) the firm's report that sticky information is no too important for nominal rigidities and c-) the inflation's persistence, the latter with more microfoundations than the Hybrid Model. We found that both types of stickiness are present in Spain, but the most important is the stickiness in prices.

Keywords: Sticky Prices; Sticky Information; Spain; Inflation Dynamics (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2009-09-21
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18031

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