Galesi, Alessandro; Lombardi, Marco J. - European Central Bank - 2009
food price shocks on a given set of countries.Secondly, we assess the importance of inflation linkages among countries, by …
The set x
it
of country-specific variables includes: the core inflation (π
c
it
), calculated as the
annualized monthly …
Working PaPer SerieS
no 1062 / June 2009
external
ShockS and
international
inflation
linkageS
a global Var …