Angeloni, I., Aucremanne, Luc, Ehrmann, Michael, Galí, Jordi, Levin, Andrew T., Smets, Frank
This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to its implications for macro modelling. It argues that several of the most...
Andrew Levin, Board of Governors of the Federal Reserve Board (2005)
Ignazio Angeloni, Luc Aucremanne, Michael Ehrmann, European Central Bank, ...
This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to its implications for macro modelling. It argues that several of the most...
Inflation Persistence in the Euro Area: Preliminary Summary of Findings (2004)
Ignazio Angeloni, Luc Aucremanne, Michael Ehrmann, Jordi Gali, Andy Levin, Frank Smets
This report presents results from a research project developed by the European Central Bank and the 12 National Central Banks of the Eurosystem on the persistence of inflation in the euro area and...
Attractive prices and euro-rounding effects on inflation. NBB Working Paper Nr. 17 (2001)
Aucremanne, Luc, Cornille, David.
Approximately 70% of Belgian consumer prices are to be considered as attractive prices, namely psychological prices, fractional prices - i. e. prices which are convenient to pay - and round prices....
The use of robust estimators as measures of core inflation. NBB Working Paper Nr. 2 (2000)
This paper examines robust estimators of core inflation for Belgian historical CPI data, and for euro area Harmonised Indices of Consumer Prices. Evidence of fat tails in the cross-sections of price...
The Use Of Robust Estimators As Measures Of Core Inflation (2000)
This paper examines robust estimators of core inflation for Belgian historical CPI data, and for euro area Harmonised Indices of Consumer Prices. Evidence of fat tails in the cross-sections of price...
Ignazio Angelloni, Luc Aucremanne, Michael Ehrmann, Jordi Galí, Andrew Levin, Frank Smets
This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to its implications for macro modelling. It argues that several of the most...
The use of robust estimators as measures of core inflation
This paper examines robust estimators of core inflation for Belgian historical CPI data, and for euro area Harmonised Indices of Consumer Prices. Evidence of fat tails in the cross-sections of price...
Inflation, relative prices and nominal rigidities
Luc Aucremanne, Guy Brys, Mia Hubert, Peter J. Rousseeuw, Anja Struyf
This paper examines the distribution of Belgian consumer prices and its interaction with aggregate inflation over the period June 1976-September 2000. Given the fat-tailed nature of this...
How frequently do prices change? Evidence based on the micro data underlying the Belgian CPI.
Luc Aucremanne, Emmanuel Dhyne
This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed degree of rigidity, the results reveal a substantial amount of heterogeneity,...
Price-setting behaviour in Belgium: what can be learned from an ad hoc survey ?
Luc Aucremanne, Martine Druant
This paper reports the results of an ad hoc survey on price-setting behaviour conducted in February 2004 among 2,000 Belgian firms. The reported results clearly deviate from a situation of perfect...
Price setting and inflation persistence: did EMU matter?
Ignazio Angeloni, Luc Aucremanne, Matteo Ciccarelli
Surprisingly it did not, or at least not directly. Using micro data on consumer prices and sectoral inflation rates from 6 euro area countries, spanning several years before and after the...
Price setting and inflation persistence: did EMU matter?
Ignazio Angeloni, Luc Aucremanne, Matteo Ciccarelli
"Surprisingly not; or at least not directly. Using data on individual consumer prices and on sectoral inflation rates from six euro area countries spanning several years before and after the...
Luc Aucremanne, Marianne Collin, Thomas Stragier
We find strong econometric support for a break in the relationship between perceived and HICP inflation in the euro area, triggered by the introduction of euro notes and coins in January 2002. The...
How frequently do prices change? Evidence based on the micro data underlying the Belgian CPI
Luc Aucremanne, Emmanuel Dhyne
This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed degree of rigidity, the results reveal a substantial amount of heterogeneity,...
Luc Aucremanne, Emmanuel Dhyne
Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices over the January 1989 - January 2001 period. Our results indicate that...
Price-setting behaviour in Belgium - what can be learned from an ad hoc survey?
Luc Aucremanne, Martine Druant
This paper reports the results of an ad hoc survey on price-setting behaviour conducted in February 2004 among 2,000 Belgian firms. The reported results clearly deviate from a situation of perfect...
Luc Aucremanne, Emmanuel Dhyne
Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices over the January 1989 - January 2001 period. Our results indicate that...
Ignazio Angeloni, Luc Aucremanne, Michael Ehrmann, Jordi Galí, Andrew Levin, Frank Smets
This 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...