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inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …
Persistent link: https://www.econbiz.de/10010191206
Persistent link: https://www.econbiz.de/10011506944
article investigates whether the adoption of the euro was accompanied by an increase in inflation and how far it affected … developments in price dispersion. Our results indicate that the Eurozone inflation rate after the introduction of the euro is on …
Persistent link: https://www.econbiz.de/10013133999
inflation that can be attributed solely to the rounding of prices to figures that are "attractive" in euro. The empirical … inflation in 2002 lies between 0.1 and 0.5 percentage points. The changeover apparently worked its effect mainly through …
Persistent link: https://www.econbiz.de/10013082230
investigates the implications of euro adoption in the Slovak Republic for inflation and interest rates with an attempt to quantify … raise the Slovak inflation rate above the euro area level. As capital markets have already fully priced in euro membership …
Persistent link: https://www.econbiz.de/10012446794
inflation will be higher in countries where prices are initially low. Price level convergence thus provides a potential … explanation for recent cross-country differences in European inflation, a worrisome development under the ECBs "one … how much of the recent divergence of national inflation rates can be explained by price level convergence. I show that …
Persistent link: https://www.econbiz.de/10014133094
also investigate how much of the variation in national inflation rates in Europe can be explained by price level …
Persistent link: https://www.econbiz.de/10014104250
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …
Persistent link: https://www.econbiz.de/10013553631
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. …
Persistent link: https://www.econbiz.de/10012206373
costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …
Persistent link: https://www.econbiz.de/10012157863