This paper develops a model of a monetary economy in which individual firms are subject to
idiosyncratic productivity shocks as well as general inflation. Sellers can change price only …

The last decade has seen a burst of micro price studies. Many studies analyze data
underlying national CPIs and PPIs. Others focus on more granular subnational grocery store …

This paper shows that the recent evidence that disaggregated prices are volatile does not
necessarily challenge the hypothesis of price rigidity used in a large class of …

This paper summarises the vast evidence on micro price-setting recently obtained for euro
area countries. We consider studies with micro data on consumer and producer prices, as …

We use a micro-founded macroeconometric modeling framework to investigate the design of
monetary policy when the central bank faces uncertainty about the true structure of the …

We study the price-setting problem of a firm in the presence of both observation and menu
costs. The firm optimally decides when to “review” costly information on the adequacy of its …

This study investigates the pricing behavior of firms in the euro area on the basis of surveys
conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The …

This study investigates the pricing behaviour of firms in the euro area on the basis of surveys
conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The …

An aggregation exercise is proposed that aims at investigating whether the fast average
adjustments of the disaggregate inflation series of the euro area CPI is coherent with the …

We estimate a medium-scale dynamic stochastic general equilibrium model of the Japanese
economy following Christiano et al.[Christiano, L., Eichenbaum, M., Evans, C., 2005 …