We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …

compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … euro area, and investigates the linkages between them in a VAR framework, also allowing for the possible impact of the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and …

—with excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. …

This paper investigates the relationship between inflation and inflation uncertainty in twelve EMU countries. A time …-varying GARCH model is estimated to distinguish between short-run and steady-state inflation uncertainty. The effects of the … introduction of the Euro in 1999 are then examined introducing a dummy variable. Overall, it appears that post-1999 steady …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country’s inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …