Narrow search
Showing 1 - 10 of 99
Cover Image
Determinants of Inflation and Price Level Differentials Across the Euro Area Countries
Andersson, Malin; Masuch, Klaus; Schiffbauer, Marc - 2021
This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...
Persistent link: https://www.econbiz.de/10013316285
Cover Image
How is real convergence driving nominal convergence in the new EU member states?
Lein-Rupprecht, Sarah M.; León-Ledesma, Miguel A.; … - In: Journal of international money and finance 27 (2008) 2, pp. 227-248
Persistent link: https://www.econbiz.de/10003687491
Cover Image
How is Real Convergence Driving Nominal Convergence in the New EU Member States?
Lein, Sarah M.; Leon-Ledesma, Miguel A.; Nerlich, Carolin - 2021
The purpose of this paper is to evaluate the empirical relevance of real convergence on the process of nominal … convergence for the new EU Member States. We discuss two of the main channels through which real convergence could affect relative … productivity growth a positive one on price level convergence with respect to the euro area …
Persistent link: https://www.econbiz.de/10013316776
Cover Image
Convergence of Euro area inflation rates
Papell, David H.; Lopez, Claude - In: Journal of international money and finance 31 (2012) 6, pp. 1440-1458
Persistent link: https://www.econbiz.de/10009680030
Cover Image
Inflation Persistence : Euro Area and New EU Member States
Franta, Michal - 2009
with the usual estimation methods when analyzing the NMS, given the scope of the convergence process they went through. We …
Persistent link: https://www.econbiz.de/10012767014
Cover Image
Mind the Output Gap : The Disconnect of Growth and Inflation During Recessions and Convex Phillips Curves in the Euro Area
Gross, Marco - 2017
We develop a theoretical model that features a business cycle-dependent relation between output, price inflation and inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale underlying the capacity constraint theory (Macklem...
Persistent link: https://www.econbiz.de/10012963916
Cover Image
The Long-Term Distribution of Expected Inflation in the Euro Area : What has Changed Since the Great Recession?
Dovern, Jonas - 2017
This paper analyses the distribution of long-term inflation expectations in the euro area using individual density forecasts from the ECB Survey of Professional Forecasters. We exploit the panel dimension in this dataset to examine whether this distribution became less stable following the Great...
Persistent link: https://www.econbiz.de/10012963929
Cover Image
Markups and Inflation Cyclicality in the Euro Area
Kouvavas, Omiros; Osbat, Chiara; Reinelt, Timo; … - 2021
Price inflation in the euro area has been stable and low since the Global Financial Crisis, despite notable changes in output and unemployment. We show that an increasing share of high markup firms is part of the explanation of why inflation remained stubbornly stable and low in the euro area...
Persistent link: https://www.econbiz.de/10013313119
Cover Image
Cyclical Inflation Divergence and Different Labor Market Institutions in the Emu
Campolmi, Alessia; Faia, Ester - 2021
This paper relates the size of the cyclical inflation differentials, currently observed for euro area countries, to the differences in labor market institutions across the same set of countries. It does that by using a DSGE model for a currency area with sticky prices and labor market frictions....
Persistent link: https://www.econbiz.de/10013317627
Cover Image
Determinants of inflation and price level differentials across the euro area countries
Andersson, Malin; Masuch, Klaus; Schiffbauer, Marc - 2009
This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...
Persistent link: https://www.econbiz.de/10011605175