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 …

sensitivity of import prices has not fallen since 1999. We also point out a significant role played by the inflation in the … inflation environment. Overall, our findings support the view that the extent of pass-through is comprised of both macro- and …

the shift towards reduced inflation regimes in our sample of countries. Finally, we notice that the distinction between …

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 …

and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …