adjustment, cannot account for the observed degree of inflation sluggishness. Therefore it is a common practice among macro … evidence from micro-data. Similarly, the micro support for introducing an extra source of inflation sluggishness to macro …

The correlation between persistent changes in the markup in one sector of an economy and the inflation rate is …. We find that the correlation is in general positive under an exogenous money growth rule as well as under an inflation … targeting rule. That is, a decrease of the markup leads to a decrease in the CPI-inflation rate. However, if inflation is …

European Central Bank's Inflation Persistence Network. -- Price Rigidity ; Price Flexibility ; Cost of Price Adjustment ; Menu …