Rigidities and inflation persistence of
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Patrick LΓΌnnemann; Thomas Y. MathΓ€
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Article
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2010
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John Wiley and Sons
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English
β 245 KB
## Abstract This paper studies price level rigidity and inflation persistence for EU15 member states using data on more than 1500 HICP subβindices. Services and HICP subβindices subject to price regulation exhibit a higher degree of price rigidity, with less frequent but larger index changes and a