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Inflation persistence in the European Union, the euro area, and the United States
Gadzinski, Gregory; Orlandi, Fabrice - 2004
In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence across the board. In particular we find euro area...
Persistent link: https://www.econbiz.de/10009639474
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Interest rate reaction functions and the Taylor rule in the euro area
Gerlach-Kristen, Petra - 2003
Traditional Taylor rules, which are estimated using a level specification linking the short-term interest rate to inflation and the output gap, are unstable when estimated on euro area data and forecast poorly out of sample. We present an alternative reaction function which takes the...
Persistent link: https://www.econbiz.de/10009635919
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A structural common factor approach to core inflation estimation and forecasting
Morana, Claudio - 2004
In the paper we propose a new methodological approach to core in- flation estimation, based on a frequency domain principal components estimator, suited to estimate systems of fractionally cointegrated processes. The proposed core inflation measure is the scaled common persistent factor in...
Persistent link: https://www.econbiz.de/10009636528
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A markup model of inflation for the euro area
Bowdler, Christopher; Jansen, Eilev S. - 2004
Equilibrium correction models of the price level are often used to model inflation. Such models assume that the long-run markup of prices over costs is fixed, but this may not be true for the Euro area economy, which has undergone major structural reforms over the last 25 years. We allow for...
Persistent link: https://www.econbiz.de/10009636529
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Public finances and long-term growth in Europe
De Ávila, Diego Romero; Strauch, Rolf - 2003
distributed lag model, which 1) indicates that government consumption and transfers negatively affect growth rates of GDP per …
Persistent link: https://www.econbiz.de/10009635955
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Unemployment, hysteresis and transition
León-Ledesma, Miguel; McAdam, Peter - 2003
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods benchmarked against the EU. In part of the paper, we work with the concept of linear u0093Hysteresisu0094 as described by the presence of unit roots in unemployment. Since this is...
Persistent link: https://www.econbiz.de/10009635980
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Time for action — towards sustainable consumption and production in Europe
Szlezak, Jozsef; Reichel, Almut - 2008
organisers of the conference 'Time for action — towards sustainable consumption and production in Europe'. Three sets of three … top-priority recommendations towards sustainable consumption and production (SCP) in Europe were developed at the …
Persistent link: https://www.econbiz.de/10009639022
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Making sustainable consumption and production a reality
Julien, Bruno (contributor) - 2009
This guide shows how a life cycle approach can be used to identify and reduce the environmental and health impacts of the products we use. It underlines the importance of considering these issues across the entire life cycle of a product and sets them within the context of policy development,...
Persistent link: https://www.econbiz.de/10009640202
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The European environment – state and outlook 2010 : Consumption and the environment
Mortensen, Lars Fogh (contributor);  … - Europäische Umweltagentur; European Environment Agency - 2010
The consumption of goods and services in EEA member countries is a major driver of global resource use — and associated … European consumption taking place beyond Europe. Food and drink, housing, mobility and tourism are responsible for a large part … of the pressures and impacts caused by consumption in the EU. Achieving significant reductions in environmental pressures …
Persistent link: https://www.econbiz.de/10009640562
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Environmental trends and perspectives in the Western Balkans: future production and consumption patterns
Zamparutti, Tony; Pirc Velkavrh, Anita; Rogelj, Melita; … - Europäische Umweltagentur; European Environment Agency - 2010
of consumption and production patterns. It begins with a review of key recent environmental trends in the region, then … production and consumption patterns. Addressing environmental challenges in a sustainable manner requires a close review of …
Persistent link: https://www.econbiz.de/10009640952