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markets for goods and services will push up inflation. We show the empirical relevance of the modified output gap for Spain … by the then socialist government in Spain with the aim of boosting the economy. …
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This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to … inflationary expectations. The main element underlying Spain`s recent disinflation appears to be a fall in inflation expectations …
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European Union (E.U.), Greece, Portugal and Spain. Motivated by a micro-founded model of inflation determination, along the …
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