New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modeling
评估了欧元区价格设定和通胀持续性的新证据，指出微观基础宏观模型中多个常用假设受到新发现的严重挑战。
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 commonly used assumptions in micro-founded macro models are seriously challenged by the new findings.