Barrell, Ray (contributor); Pomerantz, Olga (contributor) - 2004 - [Elektronische Ressource]
in the
United States and the Euro Area reflects the combination of a significantly higher degree of
resistance to real … income declines in the US with a significantly greater responsiveness of
expectations to oil price changes in the Euro Area ….5 per cent in the Euro Area. While sharp interest rate
increases might be regarded as successful in averting major …