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

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

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

explain the persistence of inflation. However, both of these theories are inconsistent with the micro data on prices. In this … difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …