Using micro price data, we document new facts on price rigidity in France: (i) each month 20.1% of prices are changed, which compares with 24.1% in the United States. Excluding sales, however, the fraction of prices modified each month is about the same in France and in the United States (around...

This paper presents a comparison of alternative indicators of underlying or "core" inflation in the French case. Four broad measures are considered and implemented. The first two are inflation excluding food and energy, and the trimmed inflation indicator. We then implement two methods relying...

[fre] La rigidité des prix en France: quelques enseignements des relevés de prix à la consommation . . Pour décrire À l’aide de l’échantillon des relevés de prix utilisés pour le calcul de l’indice des prix à la consommation (IPC), les la rigidité des prix à la consommation en...

This paper investigates the macroeconomic relevance of new findings regarding nominal wage stickiness, wage indexation, wage staggering and synchronisation, and downward nominal and real wage rigidity in the euro area. Quantifying the relevance of this evidence for monetary policy remains to be...