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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 …
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This paper provides an extensive literature review and analyses some open issues in the measurement of inflation that … can only be explored in depth using micro price data. It builds on the analysis done in the context of the ECB's strategy … "green" products. Furthermore, PRISMA data show that consumption baskets and thus inflation vary across income classes (e …
Persistent link: https://www.econbiz.de/10014316398
inflation measurement and provides micro price data analysis of how price setting has reacted to the strong COVID-19 shock. For … steep decline in inflation rates in 2020. This paper reviews some of the main challenges created by the pandemic for … this purpose, we use three different, but complementary, microdata sources for specific countries and sectors: micro price …
Persistent link: https://www.econbiz.de/10014316422
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 …
Persistent link: https://www.econbiz.de/10013361901
average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF and Consensus … Economics compared to their counterparts that do not. The gains in forecast accuracy from incorporating inflation expectations … countries). The analysis is undertaken for headline inflation and inflation excluding energy and food and both point and density …
Persistent link: https://www.econbiz.de/10012670001