Beck, Günter W.; Hubrich, Kirstin; Marcellino, Massimiliano - European Central Bank - 2006
Union. We employ a model where regional inflation dynamics are explained by common euro area and country specific factors as … taken place before the mid 90s. Analysing US regional inflation developments yields similar results regarding the relevance … of common US factors. Finally, we find that disaggregate regional inflation information, as summarised by the area wide …