Druant, Martine; Fabiani, Silvia; Kézdi, Gábor; Lamo, Ana - 2009
This paper presents new evidence on the patterns of price and wage adjustment in European firms and on the extent of … former tend to remain unchanged for about 15 months on average, the latter for around 10 months. The degree of price rigidity … in the majority of countries. Wage and price changes feed into each other at the micro level and there is a relationship …