sensitivity of import prices has not fallen since 1999. We also point out a significant role played by the inflation in the … inflation environment. Overall, our findings support the view that the extent of pass-through is comprised of both macro- and …

reject PPP. We find that PPP cointegrates with inflation differentials. We also find, contrary to conventional wisdom, that … (i) equilibrium adjustment occurs between the German and UK inflation rates, while weak exogeneity exists for the German …

the shift towards reduced inflation regimes in our sample of countries. Finally, we notice that the distinction between …

Inflation differentials within European Monetary Union (EMU) are increasingly seen as exerting adverse effects on the … euro-area economies, in particular to those with relatively high inflation rates. Using three simple measures of …

inflation in the euro zone, dividing the sample in two groups of countries: core and periphery. Then we test if the euro … inflation dynamics.Using a dynamic panel data framework based on an exchange rate pass-through model, we estimate the … factor, in determining the asymmetry in HICP inflation between core and periphery. The nominal effective exchange rate …

the shift towards reduced inflation regimes in our sample of countries. Finally, we notice that the distinction between …

movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation …