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Fatás, Antonio; Mihov, Ilian; Rose, Andrew K. - European Central Bank - 2006

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat (especially for …

Persistent link: https://www.econbiz.de/10005344838

Eigenvalue filtering in VAR models with application to the Czech business cycle

Beneš, Jaromír; Vávra, David - European Central Bank - 2005

model of inflation determination estimated on the Czech data.We characterize the estimated components of CPI, WPI and import …

Persistent link: https://www.econbiz.de/10005162924

Determinants of inflation and price level differentials across the euro area countries

Andersson, Malin; Masuch, Klaus; Schiffbauer, Marc - European Central Bank - 2009

This paper analyses the determinants of inflation differentials and price levels across the euro area countries …. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical … positions and inflation persistence. The persistence in inflation differentials appears to be partly explained by administered …

Persistent link: https://www.econbiz.de/10008513273

Government deficits, wealth effects and the price level in an optimizing model

Annicchiarico, Barbara - European Central Bank - 2003

JEL Classification: E31, E62

Persistent link: https://www.econbiz.de/10005222394

Sticky prices in the euro area: a summary of new micro evidence

Álvarez, Luis J.; Dhyne, Emmanuel; Hoeberichts, Marco M.; … - European Central Bank - 2005

This paper presents original evidence on price setting in the euro area at the individual level. We use micro data on consumer (CPI) and producer (PPI) prices, as well as survey information. Our main findings are: (i) prices in the euro area are sticky and more so than in the US; (ii) there is...

Persistent link: https://www.econbiz.de/10004969178

The price setting behaviour of Spanish firms: evidence from survey data

Álvarez, Luis J.; Hernando, Ignacio - European Central Bank - 2005

This paper reports the results of a survey carried out by the Banco de España on a sample of around 2000 spanish firms to deepen the understanding of firms’ price setting behaviour. The main findings may be summarised as follows. Most Spanish firms are price setters that use predominantly...

Persistent link: https://www.econbiz.de/10004969188

Price rigidity. Evidence from the French CPI micro-data

Baudry, Laurent; Le Bihan, Hervé; Sevestre, Patrick; … - European Central Bank - 2004

Based upon a large fraction of the price records used for computing the French CPI, we document consumer price rigidity in France. We first provide a methodological discussion of issues involved in estimating average price duration with micro-data. The average duration of prices in the sectors...

Persistent link: https://www.econbiz.de/10005162874

Costs, demand, and producer price changes

Loupias, Claire; Sevestre, Patrick - European Central Bank - 2010

We estimate an ordered probit model in order to explain the occurrence and magnitude of producer price changes in the French manufacturing sector. We use data consisting essentially of the Banque de France monthly business surveys, pooled over the years 1998-2005. Our results show that changes...

Persistent link: https://www.econbiz.de/10008565828

Are internet prices sticky?

Lünnemann, Patrick; Wintr, Ladislav - European Central Bank - 2006

This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional brick-and-mortar stores and provides a cross-country perspective. The data set covers a broad range of items typically sold over the Internet. It includes more than 5 million...

Persistent link: https://www.econbiz.de/10005816231

The behaviour of producer prices: some evidence from the French PPI micro data

Gautier, Erwan - European Central Bank - 2006

This paper provides some new empirical features on price setting behaviour for French producers using micro data underlying the producer and business-services price indices over the period 1994-2005. Some crucial methodological issues on the collection of producer prices are raised. Then, the...

Persistent link: https://www.econbiz.de/10005816252

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