Baudry, Laurent; Bihan, Hervé Le; Sevestre, Patrick; … - In: Oxford Bulletin of Economics and Statistics 69 (2007) 2, pp. 139-183
Based on the analysis of 13 million price records underlying the computation of the French consumer price index, we provide a detailed assessment of consumer price rigidity. Our main results are as follows. The average duration of prices is around 8 months. Price durations and the patterns of...