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the interaction between partial indexation and trend inflation. We show that using a hybrid version of the Phillips curve … partly decreases the risks of overestimate due to the omission of trend inflation. We also provide new evidence on the fit of …) forgetting trend inflation induces overestimating by approximately 3-4 percent of the probability to not change the price, for …
Persistent link: https://www.econbiz.de/10005056511
In this paper, we estimate and analyse a set of equations of French inflation for forecasting purpose at the horizon of … exogeneous variables outside the sampling period: given the history at time t, one forecasts the value of inflation at time t …
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This paper analyses the pricing behaviour of Luxembourg firms based on survey evidence. Luxembourg firms typically have low market share, many competitors and longstanding customer relationships. Price discrimination is frequently applied. A majority of firms use price review rules that include...
Persistent link: https://www.econbiz.de/10009276975
the strategy. This article proposes an alternative conditional multiple estimation model, which is based on an …
Persistent link: https://www.econbiz.de/10004991605
This paper investigates the properties of the decomposition of a time series presented in a companion paper (Lacroix, (2008)). The procedure relies upon an extension of Beveridge-Nelson methodology. We focus on its empirical implementation and show the need for additional steps in order to...
Persistent link: https://www.econbiz.de/10008528502