We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

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 …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

In this paper we present supporting evidence of the existence of heterogeneity in inflation dynamics across euro area … significant inertial (backward looking) behavior in inflation in four of them, while inflation in Germany has a dominant forward … looking component. We then present an optimizing agent model for the area emphasizing the heterogeneity in inflation …

Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation. …