Paloviita, Maritta; Virén, Matti - EconWPA - 2005
This paper analyses the role of inflation expectations in the euro area. On one hand, the question is how inflation … an analysis of the dynamic interrelationship between these variables. This model is estimated on aggregate euro area data …, pooled euro area country data and individual country data for the period 1979–2003. The empirical results give strong support …