Dhyne, Emmanuel; Álvarez, Luis J.; Le Bihan, Hervé; … - 2005
This paper documents patterns of price setting at the retail level in the euro area, summarized in six stylized facts …. First, the average euro area monthly frequency of price adjustment is 15 p.c., compared to about 25 p.c. in the US. Second … are not highly synchronized across retailers. Moreover, the frequency of price changes in the euro area is related to …