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In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in …
Persistent link: https://www.econbiz.de/10010294894
In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in … Keynesian Phillips Curve ; small open economies ; inflation dynamics ; new EU member countries ; GMM estimation …
Persistent link: https://www.econbiz.de/10009239698
The study on price stickiness examined nominal rigidities in the euro area and their importance for the functioning of markets. The study examined nominal rigidities in the euro area and their importance for the functioning of markets. It analysed the price setting behaviour of firms at the...
Persistent link: https://www.econbiz.de/10008516229
, thus allowing a comparison of the relevance of domestic versus external determinants of CPI inflation dynamics. For most … countries in our sample the expected relative change in the terms of trade emerges as a more relevant inflation driver than the …
Persistent link: https://www.econbiz.de/10010294863
Using a comprehensive data set on retail prices across the euro area, we analyse within- and cross-country price dispersion in European countries. First, we study price dispersion over time, by investigating the time-series evolution of the coefficient of variation, calculated from price levels....
Persistent link: https://www.econbiz.de/10011605787
, thus allowing a comparison of the relevance of domestic versus external determinants of CPI inflation dynamics. For most … countries in our sample the expected relative change in the terms of trade emerges as a more relevant inflation driver than the … ; terms of trade fluctuations ; inflation dynamics ; GMM estimation …
Persistent link: https://www.econbiz.de/10009239047
Using a comprehensive data set on retail prices across the euro area, we analyse within- and cross-country price dispersion in European countries. First, we study price dispersion over time, by investigating the time-series evolution of the coefficient of variation, calculated from price levels....
Persistent link: https://www.econbiz.de/10013043739
In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in …
Persistent link: https://www.econbiz.de/10008552071
Does theory aid inflation forecasting? To date, the evidence suggests that there is no systematic advantage of theory …-based models of inflation dynamics over their astructural counterparts. This study reconsiders the issue by developing a “semi …-structural” forecasting procedure comprised of two key ingredients. First, a prediction for the cyclical component of inflation is obtained …
Persistent link: https://www.econbiz.de/10010778567
In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in …
Persistent link: https://www.econbiz.de/10008578322