Dhyne, Emmanuel; Alvarez, Luis J.; Bihan, Herve Le; … - In: Journal of Economic Perspectives 20 (2006) 2, pp. 171-192
Prices of goods and services do not adjust immediately in response to changing demand and supply conditions. This paper characterizes the average frequency and size of price changes in the euro area and its member countries, investigates the determinants of the probability of price changes, and...
