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 … through to retail prices. -- Price stickiness ; minimum wage ; inflation ; restaurant prices …

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 …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

" - 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 …

price rigidity. Reputation powerfully amplifies the positive effects of social preferences on contract enforcement by … interactions, suggesting that it may aggravate price rigidities. Surprisingly, reputation in fact weakens the wage and price …. -- Reputation ; reciprocity ; relational contracts ; price rigidity ; wage rigidity …

This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …

that internal current account imbalances inside a currency union may also add to these risks. Oil price fluctuations and a … the currency union by changing internal imbalances. Therefore, in this paper, we analyze the impact of oil price shocks on … trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …

We examine how macroeconomic news affects firms' extensive-margin price-setting plans in a survey that we rolled out …