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rate of change of food commodity prices leads to a rise in euro area headline inflation (HICP) of around 0.3 percentage …
Persistent link: https://www.econbiz.de/10013342621
dairy and cereals, given their high weight in the consumption basket and the strength of their inflation. Takeaways •Food … inflation in Spain has not been particularly different from that recorded in the euro area. However, its contribution to … headline inflation has been greater because of food’s higher weight in Spain’s consumption basket. •The prices of virtually all …
Persistent link: https://www.econbiz.de/10014000083
, 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
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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
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
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...
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