, supply and inventory shocks. We document how gas price fluctuations have a heterogeneous pass-through to euro area prices … depending on the underlying shock driving them. The pass-through is stronger and more persistent when gas prices are driven by … through to all components of euro area inflation - producer prices, wages and core inflation, which has implications for …

2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices … change, which compares with 19.3% in the United States; when we exclude price changes due to sales, however, the proportion … of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price …

statistically significant. This is particularly so for accumulated sectoral inflation since the last price change. Once …Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices … heterogeneity and the role of accumulated inflation are acknowledged, hazard functions become mildly upward-sloping, even in a low …

changes and durations of price spells are estimated to characterize price setting in Austria. Depending on the estimation …Based on individual price records collected for the computation of the Austrian CPI, average frequencies of price … method, prices are unchanged for 10 to 14 months on average. We find strong heterogeneity across sectors and products. Price …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and … statedependent price adjustment. Most importantly, the differences in "unconditional" sectoral price flexibility are found to be …

helps to explain the sluggishness of inflation and the persistence of output after a monetary policy shock. The ability of …In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a … general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …

We use microdata to estimate the strength of price selection - a key metric for the effect of monetary policy on the …