Koedijk, C.G.; Tims, B.; Dijk, M.A. van - Erasmus Research Institute of Management (ERIM), ERIM … - 2004
risk has disappeared
within the euro area in 1999, differences in inflation may entail nontrivial real exchange rate
risk … to be due to the fact that Dutch inflation
has been persistently higher than German inflation since 1996, probably … related to the much
lower level of unemployment. Greek and Portuguese inflation have also been considerably
higher than in …