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 …

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 theConsumer 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 ﾑobservedﾒ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation …

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 … of households in response to price changes in most years …

consumer price inflation rate …

state contingent inflation taxes/subsidies to smooth those rents. Hence, in the optimal Ramsey plan, inflation deviates from … zero and the optimal volatility of inflation is an increasing function of firing costs. The optimal rule should react to … employment alongside inflation …

This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible … parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new … persistence. The existence of complementarities means that beyond understanding how wage and price staggering work in isolation …

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 …