Amisano, Gianni; Colavecchio, Roberta; Fagan, Gabriel - 2014 - Preliminary. This Version: February 2014
, Japan and the US. The model specification allows for three different inflation regimes: "Low", "Medium" and "High" inflation …We employ a money-based early warning model in order to analyse the risk of a low inflation regime in the Euro Area … estimate the model with data from the mid 1970s up to the present. Our analysis suggests that the risks of a "Low" inflation …