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dc.contributor.authorLe Bihan, Herve
dc.contributor.authorMatheron, J.
dc.date.accessioned2017-08-24T02:23:38Z
dc.date.available2017-08-24T02:23:38Z
dc.date.created2017-08-23T07:21:43Z
dc.date.issued2012
dc.identifier.citationLe Bihan, H. and Matheron, J. 2012. Price Stickiness and Sectoral Inflation Persistence: Additional Evidence. Journal of Money, Credit and Banking. 44 (7): pp. 1427-1442.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/56343
dc.identifier.doi10.1111/j.1538-4616.2012.00538.x
dc.description.abstract

In this paper, using U.S. as well as French sectoral data and indicators of price rigidity, we reexamine the (lack of) relation between price stickiness and inflation persistence. This has recently been put forward by Bils and Klenow (2004) as evidence against time-dependent price setting models. We obtain that, when filtering out sector-specific shocks along the lines of Boivin, Giannoni, and Mihov (2009), and allowing for an alternative assumption on the marginal cost process, the case against the time-dependent Calvo model is substantially weakened. © 2012 The Ohio State University.

dc.titlePrice Stickiness and Sectoral Inflation Persistence: Additional Evidence
dc.typeJournal Article
dcterms.source.volume44
dcterms.source.number7
dcterms.source.startPage1427
dcterms.source.endPage1442
dcterms.source.issn0022-2879
dcterms.source.titleJournal of Money, Credit and Banking
curtin.departmentSchool of Economics and Finance
curtin.accessStatusFulltext not available


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