Arghyrou, Michael Georgiou (contributor) - 2006
some degree, by domestic
fundamentals; (ii) involving non-linear output gap effects; (iii) subject to a deficit of … similarly to movements of expected inflation but stronger
to the output gap than the Bundesbank did. They argue, however, that … the higher output gap coefficient
found for the ECB may reflect a higher interest rate sensitivity of the German output …