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inflationary expectations. The main element underlying Spain`s recent disinflation appears to be a fall in inflation expectations …This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to …
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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 … hand and the inflation rate on the other hand. Empirically, we estimate this relationship by developing three different … by the then socialist government in Spain with the aim of boosting the economy. …
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European Union (E.U.), Greece, Portugal and Spain. Motivated by a micro-founded model of inflation determination, along the …We explore the connection between inflation and its higher-order moments for three economies in the periphery of the … producer prices affect the path of inflation. We develop our analysis with the perspective of economic integration/inflation …
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