The DOI matches its Crossref record; 25 of the 25 references it cites were found in a registry or an index.
Price Changes in the Euro Area and the United States: Some Facts from Individual Consumer Price Data
Abstract
Prices of goods and services do not adjust immediately in response to changing demand and supply conditions. This paper characterizes the average frequency and size of price changes in the euro area and its member countries, investigates the determinants of the probability of price changes, and compares the evidence for the euro area with available U.S. results. The facts documented in this paper are based on evidence from individual price data recorded at the store level in all euro area countries except Ireland and Greece: that is in datasets covering Austria, Belgium, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, and Spain, which together account for around 97 percent of euro area GDP. The data used are the monthly price records underlying the computation of national Consumer Price Indices and Harmonized Consumer Price Indices. These data cover a large number of products selected on the basis of extensive Household Budget Surveys.
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Cites
(2001) · RePEc: Research Papers in Economics · Cited by 27,577
Some Evidence on the Importance of Sticky Prices
Bils, M., & Klenow, P. J. (2004) · Journal of Political Economy · doi:10.1086/422559 · Cited by 1,540
Five Facts about Prices: A Reevaluation of Menu Cost Models*
Nakamura, E., & Steinsson, J. (2008) · Quarterly Journal of Economics · doi:10.1162/qjec.2008.123.4.1415 · Cited by 1,520
Some Evidence on the Importance of Sticky Prices
Bils, M., & Klenow, P. (2002) · National Bureau of Economic Research · doi:10.3386/w9069 · Cited by 1,323
Galı́, J., Gertler, M., & López-Salido, J. D. (2001) · European Economic Review · doi:10.1016/s0014-2921(00)00105-7 · Cited by 599
Optimal monetary policy responses to relative-price changes
Aoki, K. (2001) · Journal of Monetary Economics · doi:10.1016/s0304-3932(01)00069-1 · Cited by 568
The Magnitude of Menu Costs: Direct Evidence from Large U. S. Supermarket Chains
Levy, D., Bergen, M., Dutta, S., & Venable, R. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555352 · Cited by 546
Sticky Prices in the Euro Area: A Summary of New Micro-Evidence
Álvarez, L. J., Dhyne, E., Hoeberichts, M., Kwapil, C., Le Bihan, H., Lünnemann, P., Martins, F., Sabbatini, R., Stahl, H., Vermeulen, P., et al. (2006) · Journal of the European Economic Association · doi:10.1162/jeea.2006.4.2-3.575 · Cited by 476
Self-citationSticky Prices: New Evidence from Retail Catalogs
Kashyap, A. K. (1995) · The Quarterly Journal of Economics · doi:10.2307/2118517 · Cited by 451
The frequency of price adjustment
Cecchetti, S. G. (1986) · Journal of Econometrics · doi:10.1016/0304-4076(86)90061-8 · Cited by 427
Cited by
Scraped data and sticky prices
Cavallo, A. (2018) · The Review of Economics and Statistics · doi:10.1162/rest_a_00652 · Cited by 135
Finding the Goldilocks Data Collection Frequency for the Consumer Price Index
Palumbo, L., & Laureti, T. (2024) · doi:10.2139/ssrn.4832198 · Cited by 3
Metadata
- Authors
- Dhyne, E., Álvarez, L. J., Bihan, H. L., Veronese, G., Dias, D., Hoffmann, J., Jonker, N., Lünnemann, P., Rumler, F., & Vilmunen, J.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 2006-05-01
- Volume
- 20
- Issue
- 2
- Pages
- 171-192
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W2081858470
- Cited by
- 401
- References
- 25
- FWCI
- 55.92
- Type
- journal article
- Language
- en
- Open access
- closed
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- Dhyne, E., Álvarez, L. J., Bihan, H. L., Veronese, G., Dias, D., Hoffmann, J., Jonker, N., Lünnemann, P., Rumler, F., & Vilmunen, J. (2006). Price Changes in the Euro Area and the United States: Some Facts from Individual Consumer Price Data. Journal of Economic Perspectives. https://doi.org/10.1257/jep.20.2.171
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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