Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/144309 
Year of Publication: 
2006
Series/Report no.: 
NBB Working Paper No. 95
Publisher: 
National Bank of Belgium, Brussels
Abstract: 
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity in the degree of price stickiness; iv) Price decreases are not uncommon. The paper also investigates some of the policy implications of these findings
Subjects: 
price-setting
inflation persistence
monetary policy
EMU
JEL: 
E31
E42
E52
Document Type: 
Working Paper

Files in This Item:
File
Size
720.51 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.