Price Changes in the Euro Area and the United States: Some Facts from Individual Consumer Price Data

By Emmanuel Dhyne, L. J. Álvarez, Hervé le Bihan, Giovanni Veronese, Daniel A. Dias, Johannes Hoffmann, Nicole Jonker, P. Lünnemann, F. Rumler, J. Vilmunen. 2006

424 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/7c28ce41558ecb8560ffc52bdb589252b988d8c9

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Citations in the corpus

The Kinked Demand Curve and Price Rigidity: Evidence from Scanner Data (2010, methodology): “…microeconomic evidence that the mean price duration lies between 1.8 and 4 quarters for the US (Bils and Klenow, 2004; Nakamura and Steinsson, 2008), and between 4 and 5 quarters for the euro area (Dhyne et al., 2006), nominal frictions alone fail to generate the persistence observed in the data.”
Five Facts about Prices: A Reevaluation of Menu Cost Models (2008, methodology): “Following Bils and Klenow (2004) and Dhyne et al. (2006), we have focused on estimating the frequency of price change.”
Price Setting in the Euro Area: Some Stylised Facts from Individual Producer Price Data (2012, neutral): “For the euro area, the frequency of price changes amounts to 21% for producer prices compared to 15% for consumer prices (Dhyne et al., 2006).”
Microeconomic Evidence on Price-Setting (2010, methodology): “Dhyne et al. (2006) try to account for the higher frequency of price changes in the U.S. than in the Euro Area.”
Heterogeneity in Consumer Price Stickiness (2005, background): “Klenow (2004) for the United States, and by Dhyne et al. (2006)”
The Patterns and Determinants of Price Setting in the Belgian Industry (2006, neutral): “The results of these national studies using micro data are summarised in Dhyne et al. (2006) for evidence from micro CPI data, in Vermeulen et al. (2006) for evidence on producer prices based on either micro PPI or qualitative data from business cycle surveys and in Fabiani et al. (2005) for…”
Optimal Central Bank Transparency (2008, neutral): “One explanation that Dhyne et al. (2006) give for the lower price stickiness in the United States compared to Europe are the lower costs of price changes resulting from a higher level of technology in the retail sector (e.g. more superstores and e-commerce).”
The Billion Prices Project: Using Online Prices for Measurement and Research (2016, background): “Appearing in this journal, Dhyne et al. (2006) is one of the few papers with data from multiple countries, thanks to the coordination provided by the European Inflation Persistence Network.”
Lumpy Price Adjustments: A Microeconometric Analysis (2011, positive): “These statistics show that the patterns of consumer price changes are essentially similar in Belgium and in France, and are in line with the previous empirical evidence regarding price changes in the Euro area (see, e.g., Dhyne et al. 2006).”