Aucremanne, Luc; Dhyne, Emmanuel - 2004
This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed ….
Each month, nearly 17 p.c. of the consumer prices change on average and the median duration of a price spell is close to 13 … timedependency exists as well. The majority of price changes are price increases, but price decreases are not uncommon, except for …