| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6255 |
| DP6255 Retail Energy Prices and Consumer Expenditures | |
| Lutz Kilian; Paul Edelstein | |
| 发表日期 | 2007-04-16 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Understanding the features and the determinants of individual price setting behaviour is important for the formulation of monetary policy. These behavioural mechanisms play a fundamental role in influencing the characteristics of aggregate inflation and in determining how monetary policy affects inflation and real economic activity. The Inflation Persistence Network, a collaborative research effort of the Eurosystem, analysed a large number of panel data sets of individual price records and conducted surveys of price-setting managers in many euro area countries. This paper discusses to what extent the extensive evidence coming from those two data sources provides support for some basic elements of the New Keynesian perspective. It analyses the implications of the micro evidence for distinguishing between competing theories of price stickiness and provides some brief reflections about the lessons for monetary policy. |
| 主题 | International Macroeconomics |
| 关键词 | monetary policy New keynesian models Price setting Price stickiness |
| URL | https://cepr.org/publications/dp6255 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535074 |
| 推荐引用方式 GB/T 7714 | Lutz Kilian,Paul Edelstein. DP6255 Retail Energy Prices and Consumer Expenditures. 2007. |
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