Angeloni, Ignazio; Aucremanne, Luc; Ehrmann, Michael; … - In: Journal of the European Economic Association 4 (2006) 2-3, pp. 562-574
This paper evaluates new evidence on price-setting practices and inflation persistence in the euro area with respect to its implications for macro modeling. It argues that several of the most commonly used assumptions in micro-founded macro models are seriously challenged by the new findings....
