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This paper documents five stylised facts relating to price adjustment in the euro area, using various micro price … of producer price adjustment is greater (25%), reflecting that the prices of intermediate goods and energy are more … price adjustment rises with the size of price misalignment, mainly reflecting idiosyncratic shocks, but it does not increase …
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setting prices with a constant probability of adjustment, which may differ from firm to firm. The estimated model accurately …
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In this paper we address the question on whether EMU has amplified or dampened intra euro area divergencies, by looking at a time-varying VAR model of Italy’s relative performance compared with the rest of the euro area, spanning from 1976 to 2009. Our main result is that EMU does not appear...
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The preparations for the introduction of the euro in 1999 involved the need for a new set of statistics for the euro area. Since then, significant progress has been made with regard to the coverage, timeliness and accuracy of these statistics. The reliability of the first releases - i.e. their...
Persistent link: https://www.econbiz.de/10012776341
The preparations for the introduction of the euro in 1999 involved the need for a new set of statistics for the euro area. Since then, significant progress has been made with regard to the coverage, timeliness and accuracy of these statistics. The reliability of the first releases - i.e. their...
Persistent link: https://www.econbiz.de/10011639704
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