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for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital … in the euro area. Using the estimated model, the paper also analyses the output (real interest rate) gap, defined as the …
Persistent link: https://www.econbiz.de/10013137060
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy …
Persistent link: https://www.econbiz.de/10013137108
developments in the euro area since the start of EMU …
Persistent link: https://www.econbiz.de/10013137109
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …
Persistent link: https://www.econbiz.de/10013137348