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financial shock, firms in financially weak countries (the periphery) maintain{{p}}cashflows by raising markups--in both domestic … and export markets--while firms in financially strong countries (the core) reduce markups, undercutting their financially …
Persistent link: https://www.econbiz.de/10011932300
sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. We further … role in addition to the sector-specific factors, emphasising heterogeneity of inflation dynamics along different dimensions …
Persistent link: https://www.econbiz.de/10010394236
cross-country differences in the mismatch of perceived and actual inflation in the aftermath of the cash changeover are …
Persistent link: https://www.econbiz.de/10013317681
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This paper compares relative unit labour cost developments in the countries of the euro-area since the beginning of the European Monetary Union (EMU) both with historical developments and with intra-regional unit labour cost developments in the United States of America and Germany. To this end,...
Persistent link: https://www.econbiz.de/10010426369
We study the impact of the COVID-19 pandemic on euro area inflation and how it compares to the experiences of other …-output linkages, affecting both trade and inflation; (2) inflation can be higher under sector-specific labor shortages relative to a … domestic aggregate demand shocks in explaining euro area inflation over 2020-21; and (4) international trade did not respond to …
Persistent link: https://www.econbiz.de/10013277488
, 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
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