This paper examines the mechanism of persistent inflation differentials, current account imbalances, and fiscal … behavior generates problems, such as inflation differentials, and the stability and growth pact does not appear to be … politically unified. In addition, the inflation differentials provide clear evidence that inflation acceleration is not caused by …

This paper theoretically examines a way out of the euro crisis based on a model of inflation acceleration and … generates inflation differentials and huge current account imbalances among member states. As a result, although relatively more …

-in-advance constraints both in the factor markets and in the good markets. Simulations show that common money inflation in the union have …

of a monetary union in terms of a weighted average of objectives for inflation and output in each of the member countries …, instead of union-wide aggregate inflation and output, can have an important impact on the effective weight each member country … or not monetary policy contributes to harmonize inflation and output across the union. …

formulated at the beginning, one also notes that inflation has a negative effect on the economic growth. These results emphasize …

particular, technical estimation models of spatial-dynamic panel that provide opportunities to consider the effects of … neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … mechanism of propagation of shocks affecting the level of inflation and a mecanisme for output stabilization. …

opinions that the inflation target chosen at 2% by ECB for the Eurozone is too low, thereby making the whole MPS excessively … restrictive. I conclude observing that the “core” inflation-target of 2% is in fact at the very basis of the ECB non …, since the inflation target wasn’t in any jeopardy, the European Central Bank didn’t do anything. Maintaining the goal of …

data from 1996-97Q1 to 2011-12Q4. It finds that both the shocks impact real output growth and inflation in the short …. An unanticipated hike/reduction in policy rate leads to a symmetric decline/rise in inflation. An unanticipated change in … money supply leads to higher inflation, but a similar decrease in it has no significant impact on inflation. …