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Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area

Adam, Klaus; Zhu, Junyi - 2014

, and Belgium and Malta being the largest losers. Governments are net winners of inflation, while the household (HH) sector … Spain turn out to be net winners of inflation. Considerable heterogeneity exists also within the HH sector: relatively young … middle class HHs are net winners of inflation, while older and richer HHs are losers. As a result, wealth inequality for the …

Persistent link: https://www.econbiz.de/10010378324

Whose inflation is it anyway? : inflation spillovers between the Euro area and small open economies

Hałka, Aleksandra; Szafranek, Karol - In: Eastern European economics 54 (2016) 2, pp. 109-132

Persistent link: https://www.econbiz.de/10011507801

Beyond Balassa and Samuelson : real convergence, capital flows, and competitiveness in Greece

Belke, Ansgar; Haskamp, Ulrich; Schnabl, Gunther; … - 2015

We scrutinize the role of capital flows in competitiveness in a set of seven euroarea member countries (Estonia, Greece, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A specific focus is on Greece. The paper extends the seminal...

Persistent link: https://www.econbiz.de/10011373258

Structural reforms and the enlargement of monetary union

Hefeker, Carsten - 2000

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

Persistent link: https://www.econbiz.de/10009781545

Exchange rate pass-through in the Euro Area

Mirdala, Rajmund - 2016

Time-varying exchange rate pass-through effects to domestic prices under fixed euro exchange rate perspective represent one of the most challenging implications of the common currency. The problem is even more crucial when examining crisis related redistributive effects associated with relative...

Persistent link: https://www.econbiz.de/10011456836