Dhyne, Emmanuel; Fuss, Catherine; Pesaran, M. Hashem; … - 2007
(extrinsic). Using two data sets consisting of a large
fraction of the price quotes used to compute the Belgian and French CPI … used to compute
the CPI in Belgium and France, we estimate these different components for a
large number of homogenous …
istherelativeimportanceofadjustmentcoststothesizeoftheshocks,common
and/or idiosyncratic.
The high frequency of price changes in the most flexible components of the
CPI (energy …