Morsy, Hanan; Jaumotte, Florence - International Monetary Fund (IMF) - 2012
the determinants of inflation differentials in the euro area, with emphasis on the role of country specific labor and …While inflation differentials in a monetary union can be benign, reflecting a catch-up process, or an adjustment … domestic product and labor markets that amplify or make more persistent the impact of shocks on inflation. The paper examines …