for the period 1993:Q1 to 2002:Q1 to show that the productivity differential is related to the GDP-deflator relative price … - we show that excluding regulated prices makes it possible to detect a robust relationship between productivity and the …-S effect on the inflation differential and the real appreciation of the exchange rate against Finland, Sweden, Germany and the …

productivity trends for the consistency of the Maastricht convergence criteria an for the differences in nation inflation rates …Inflation has fallen dramatically in countries like Spain and Italy over the last decade, but the rate of increase in … that this discrepancy can be explained (at least in part) by trends in productivity; average labour productivity has grown …

acceleration of inflation from 1964- 1972 to 1973-1980 reduced total factor productiv-ity growth in a way that was both … our surprise, we find that the inflation-productivity trade-off prevails even in the long run. And, fi-nally, regarding … inflation to productivity. On these grounds we conclude that for a precise estimation of the relationship under consideration it …

productivity for the differences in regional inflation under a common currency. Comparisons are made with regional productivity …While overall inflation has fallen dramatically in countries like Italy and Spain, inflation in the home good sector … remains stubbornly higher than inflation in the traded good sector. If nominal exchange rates are fixed, these real …

attenuation, implying that any increase in the open sector's productivity feeds onto changes in the relative price of non … only a limited role for inflation and real exchange rate determination, and it seems to be roughly in line with earlier …

sectoral national accounts data, which permits estimation of total factor productivity (TFP) growth in the tradeables and …

productivity differentials explain on average only between 0.2 and 2.0 percentage points of annual inflation differentials vis …-à-vis the euro area. Productivity differentials also explain only a small proportion of domestic inflation in central European … of productivity differentials on inflation relative to the euro area, focusing instead only on their impact on domestic …

This paper examines the effect of inflation on productivity growth in Australia. Broad historical correlations suggest … a negative relationship between inflation and aggregate productivity growth. The low-frequency nature of the … significant results with industry-level inflation explaining industry productivity. We also find that the relationship varies by …

We explore the implications of the differential behavior of total factor productivity across sectors for understanding … manufacturing sectors has been a key determinant of what we refer to as Spanish dual inflation. (Copyright: Fundación SEPI) …