We examine the effect of the minimum wage on restaurant prices. For that purpose, we estimate a price rigidity model by … exploiting a unique dataset of individual price quotes used to calculate the Consumer Price Index in France. We find a positive …

The paper provides an empirical analysis of price setting behaviour in Slovakia, using large micro-level dataset … accession to the EU. Several empirical findings stand out. Similarly to results on advanced market economies, we find that price … changes are infrequent and sizeable. Moreover, the relationship between frequency and size of price changes is highly non …

identified monetary policy shocks, and show little evidence of a 'price puzzle'' contrary to existing studies based on …

In this paper we estimate a New-Keynesian DSGE model with heterogeneity in price and wage setting behavior. In a recent … study, Coibion and Gorodnichenko (2011) develop a DSGE model, in which firms follow four different types of price setting … heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …

firm-level market shares and price complementarities affect pass-through decisions. Using micro-data from U.S. import …. Finally, based on the model, we find that direct cost pass-through and price complementarities play approximately equally … structure affects price-setting in industry equilibrium. …

One of the central questions in recent macroeconomic history is to what extent monetary policy as opposed to oil price … related to the oil market played a major role in causing both the major oil price increases of the 1970s and stagflation in … many economies. A competing view exemplified by Bernanke, Gertler and Watson (1997) is that the oil price shocks of the …

entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in … percent or higher. Price indexation implies even larger deviations from long-run price stability. However, price stability … (around this non-zero trend) is close to optimal in the short run, even in the presence of time-varying flexible-price markups …

monetary policy before the 1980s, and their changes thereafter. We develop an otherwise standard sticky-price DSGE model …