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

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  • 1 January 2005
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      • Published in RePEc
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.
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