New evidence on inflation persistence and price stickiness in the euro area:: Implications for macro modeling

被引：46

作者：

Angeloni, Ignazio ^{[1
]}

Gali, Jordi ^{[1
]}

Aucremanne, Luc ^{[1
]}

Levin, Andrew ^{[1
]}

Ehrmann, Michael ^{[1
]}

Smets, Frank ^{[1
]}

机构：

[1] Univ Pompeu Fabra, Barcelona, Spain

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2006年 / 4卷 / 2-3期

关键词：

D O I：

10.1162/jeea.2006.4.2-3.562

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：562 / 574

页数：13

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