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What matters in households' inflation expectations?
Andrade, Philippe; Gautier, Erwan; Mengus, Eric - 2020
We provide evidence that households discretize their inflation expectations so that what matters for durable … consumption decisions is the broad inflation regime they expect. Using survey data, we document that a large share of the … adjustment in the average inflation expectation comes from the change in the share of households expecting stable prices; these …
Persistent link: https://www.econbiz.de/10012606357
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What matters in households' inflation expectations?
Andrade, Philippe; Gautier, Erwan; Mengus, Eric - 2020 - This version: December 2020
We provide evidence that households discretize their inflation expectations so that what matters for durable … consumption decisions is the broad inflation regime they expect. Using survey data, we document that a large share of the … adjustment in the average inflation expectation comes from the change in the share of households expecting stable prices; these …
Persistent link: https://www.econbiz.de/10012429199
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10013257642
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10013361901
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Restaurant prices and the minimum wage
Fougère, Denis; Gautier, Erwan; Le Bihan, Hervé - 2009
We examine the effect of the minimum wage on restaurant prices. We contribute to both the study of economic impact of 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 the Consumer Price...
Persistent link: https://www.econbiz.de/10010269191
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10013412976
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10014305307
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Restaurant Prices and the Minimum Wage
Fougère, Denis; Gautier, Erwan; Le Bihan, Hervé - C.E.P.R. Discussion Papers - 2008
We examine the effect of the minimum wage on restaurant prices. For that purpose, we estimate a price rigidity model by exploiting a unique dataset of individual price quotes used to calculate the Consumer Price Index in France. We find a positive and significant impact of the minimum wage on...
Persistent link: https://www.econbiz.de/10005792028
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Restaurant Prices and the Minimum Wage
Fougère, Denis; Gautier, Erwan; Le Bihan, Hervé - Institute for the Study of Labor (IZA) - 2009
We examine the effect of the minimum wage on restaurant prices. We contribute to both the study of economic impact of 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 the Consumer Price...
Persistent link: https://www.econbiz.de/10005566535
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New Facts on Consumer Price Rigidity in the Euro Area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10014078066