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An aggregation exercise is proposed that aims at investigating whether the fast average adjustment of the disaggregate inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a dynamic factor model for 404 inflation...
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The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a ….1 percent quarterly on average at most to a 1 percentage change in the expenditure or revenue ratio). In Italy, the US and … France, the strongest ex0Bect on output is produced by shocks on government expenditure on wages and transfers. …
Persistent link: https://www.econbiz.de/10009635887
We estimate the degree of "stickiness" in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10003778438
, Germany, Italy, the UK and the US. The following results emerge from our analysis. First, and contrary to the recent findings … over the Internet. It includes more than 5 million daily price quotes downloaded from price comparison web sites in France …
Persistent link: https://www.econbiz.de/10003337300
differentials in explaining city-level house price dispersion in Germany, France, and the US (but not in Italy or Spain once …
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professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and … the United Kingdom are updated about once a year, in Italy about once each six months …
Persistent link: https://www.econbiz.de/10003789432
sample of non-financial corporations (around 120,000 firms) in six euro area countries (Belgium, Germany, France, Italy, the … appears to be especially large in the Netherlands and Italy and relatively small in Germany …
Persistent link: https://www.econbiz.de/10003790950