the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the … price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to … compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …

through to retail prices. -- Price stickiness ; minimum wage ; inflation ; restaurant prices … the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual … price quotes collected to calculate the Consumer Price Index in France and we estimate a price rigidity model based on a …

likelihood of receiving employer provided training. Using unique linked employer-employee data from Germany, we confirm that … variety, two essential elements of flexibility. Critically, the training associated with workplace flexibility does not simply … workplace flexibility is disproportionately oriented toward employees with a greater formal education. Our results also provide …

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to … which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation. -- aggregation ; large dynamic panels ; long memory ; weak and strong cross section …

and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … equilibrium setting (in which real variables not only affect inflation, but are also influenced by it), standard wage-price … asserted that, in the context of the new Phillips curve (NPC), inflation is a jump variable. We argue that this "persistency …

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting …

consumer price inflation rate. -- Wage stickiness ; micro-level evidence ; measurement error …

of households in response to price changes in most years. -- price ; inflation ; equivalent income ; welfare ; linear …This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price …