Add to ORKGThis paper evaluates new evidence on price-setting practices and inflation persistence in the euro area with respect to its implications for macro modeling. It argues that several of the most commonly used assumptions in micro-founded macro models are seriously challenged by the new findings. (JEL: E31, E52) 1
Abstract: The New Keynesian Phillips curve (NKPC) has become the dominant model on inflation dynamic...
External economic shocks cause domestic macroeconomic aggregates to fluctuate. This may call for a m...
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a s...
This paper evaluates new evidence on price setting practices and inflation persistence in the euro a...
This paper evaluates new evidence on price-setting practices and inflation persistence in the euro a...
Monetary Policy and Liquidity Constraints: Evidence from the Euro Area We quantify the relationship ...
This paper presents some new macroeconomic evidence on the transmission mechanism of monetary policy...
This paper investigates the performance of optimised interest rate rules when there is uncertainty a...
The micro-data on prices indicate that prices, on average, remain unchanged for several months. Howe...
International audienceThis paper focuses on the price stability objective within the framework of th...
This paper examines the effects of changes in Euro Area interest rates using macroeconomic models. I...
Empirical models of inflation often incorporate equilibrium correction effects based upon levels of ...
The New Keynesian Phillips Curve (NKPC) is now the dominant model of inflation dynamics. In recent y...
Well anchored inflation expectations are helpful for monetary policy making. Our results indicate th...
Well-anchored inflation expectations are a key factor for achieving economic stability. This paper p...
Abstract: The New Keynesian Phillips curve (NKPC) has become the dominant model on inflation dynamic...
External economic shocks cause domestic macroeconomic aggregates to fluctuate. This may call for a m...
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a s...
This paper evaluates new evidence on price setting practices and inflation persistence in the euro a...
This paper evaluates new evidence on price-setting practices and inflation persistence in the euro a...
Monetary Policy and Liquidity Constraints: Evidence from the Euro Area We quantify the relationship ...
This paper presents some new macroeconomic evidence on the transmission mechanism of monetary policy...
This paper investigates the performance of optimised interest rate rules when there is uncertainty a...
The micro-data on prices indicate that prices, on average, remain unchanged for several months. Howe...
International audienceThis paper focuses on the price stability objective within the framework of th...
This paper examines the effects of changes in Euro Area interest rates using macroeconomic models. I...
Empirical models of inflation often incorporate equilibrium correction effects based upon levels of ...
The New Keynesian Phillips Curve (NKPC) is now the dominant model of inflation dynamics. In recent y...
Well anchored inflation expectations are helpful for monetary policy making. Our results indicate th...
Well-anchored inflation expectations are a key factor for achieving economic stability. This paper p...
Abstract: The New Keynesian Phillips curve (NKPC) has become the dominant model on inflation dynamic...
External economic shocks cause domestic macroeconomic aggregates to fluctuate. This may call for a m...
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a s...