Berben, Robert-Paul; Mestre, Ricardo; Mitrakos, Theodoros; … - 2005
a TFP shock, generate marked inflation persistence. In contrast, an indirect tax and an oil price shock appear much less … persistent and a social security shock generates less inflation persistence in the majority of the countries (although some weak …This paper analyses the response of inflation in the euro area to five macroeconomic shocks through the use of results …