paper aims to use a macro-sector estimation to show how the price-decreasing effects of Internet shopping outweigh the price …-increasing effects. In that purpose, we use French price index series and distance selling sales covering about 30 sectors, from 1990 to …

This paper studies firms' price-setting decision during a currency changeover. Buyers' difficulties with the new … nominal price level create incentives to raise prices temporarily but doing so comes at the risk of damaging a seller …'s size, (ii) the proportion of regular buyers, and (iii) the visibility of a good's price. Difference-in-differences analyses …

assumption improves the fit of the inflation equation. Third, this assumption is necessary for getting an important reduction of …

return on assets is determined by incentives eliciting voluntary debt repayment. I show that the inflation rate or, more …, money is used in equilibrium and the optimal inflation rate is positive. …

comes when net worth of potential buyers is low, the ensuing price dynamics can be described as a fire sale. The proposed …

monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the … linkages between monetary policy, inflation expectations and the behaviour of CPI inflation. We use Livingston Survey data for … expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate …

sales; (iv) price changes related to sales and product replacements are less driven by inflation variations than regular … price changes; (v) the monthly inflation rate is correlated to the frequencies of price decreases and increases. The …Using micro price data covering the Great Recession period, we document new facts on price rigidity in France: (i) each …

The paper develops a model for forecasting inflation in France. As this model has to be integrated in the Eurosystem …

Microeconomic price rigidity is one of the main assumptions of the neo-keynesian macroeconomic models. Firms are not … able to adjust continuously their prices. In this paper, we make a synthesis of the main microeconomic price setting … theoretical models and of their empirical counterparts. Price rigidity is often justified by two models: a first one assumes that …

commodity import price inflation on CPI inflation depends on the volume of commodity imports while the impact of non …-commodity import price inflation is independent of the volume of non-commodity imports. Second, focusing on the role of intra … consumer price and (ii) for the flattening of the Phillips curve, i.e. the lower sensitivity of inflation to the output gap. …