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| Author: | Angeloni, I. (et al.) |
| Title: | New evidence on inflation persistence and price stickiness in the euro area: implications for macro modeling |
| Journal: | Journal of the European Economic Association
2006 : MAY, VOL. 4:2-3, p. 562-574 |
| Index terms: | euro inflation prices |
| Language: | eng |
| Abstract: | This article discusses the evaluation of new evidence on price setting practices and inflation persistence in the euro area with respect to its implications for macro modelling. The authors argue that several of the most commonly used assumptions in micro-founded macro models are seriously challenged by the new findings. |
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