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Sacrifice ratios for euro area countries : new evidence on the costs of price stability
Belke, Ansgar; Böing, Tobias - 2014
The purpose of this article is to deliver new estimates of the sacrifice ratio of Euro area countries. A high sacrifice ratio means a large loss of gross domestic product (GDP) or employment for a given reduction in inflation. In order to estimate the cost of adjustments in inflation rates by...
Persistent link: https://www.econbiz.de/10010429752
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Sacrifice Ratios for Euro Area Countries – New Evidence on the Costs of Price Stability
Belke, Ansgar Hubertus - 2015
The purpose of this article is to deliver new estimates of the sacrifice ratio of Euro area countries. A high sacrifice ratio means a large loss of gross domestic product (GDP) or employment for a given reduction in inflation. In order to estimate the cost of adjustments in inflation rates by...
Persistent link: https://www.econbiz.de/10013028041
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Sacrifice Ratios for Euro Area Countries – New Evidence on the Costs of Price Stability
Belke, Ansgar; Böing, Tobias - 2014
In diesem Artikel werden neue Schätzungen der Opferquote (engl.: sacrifice ratio) für Mitgliedsländer der Eurozone … Beschäftigung für eine gegebene Reduktion der Inflationsrate. Um die Anpassungen der Inflationsraten mit Hilfe der Opferquote zu … meisten Länder Opferquoten zwischen -1 % und 2 % des realen Bruttoinlandsproduktes für eine Reduktion der Inflationsrate um …
Persistent link: https://www.econbiz.de/10010435317
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Sacrifice ratios for euro area countries: New evidence on the costs of price stability
Belke, Ansgar; Böing, Tobias - 2014
The purpose of this article is to deliver new estimates of the sacrifice ratio of Euro area countries. A high sacrifice ratio means a large loss of gross domestic product (GDP) or employment for a given reduction in inflation. In order to estimate the cost of adjustments in inflation rates by...
Persistent link: https://www.econbiz.de/10010435403
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Sacrifice Ratios for Euro Area Countries: New Evidence on the Costs of Price Stability
Belke, Ansgar; Böing, Tobias - ROME Network - 2014
The purpose of this article is to deliver new estimates of the sacrifice ratio of Euro area countries. A high sacrifice ratio means a large loss of gross domestic product (GDP) or employment for a given reduction in inflation. In order to estimate the cost of adjustments in inflation rates by...
Persistent link: https://www.econbiz.de/10010939009
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Sacrifice Ratios for Euro Area Countries – New Evidence on the Costs of Price Stability
Belke, Ansgar; Böing, Tobias - Rheinisch-Westfälisches Institut für … - 2014
The purpose of this article is to deliver new estimates of the sacrifice ratio of Euro area countries. A high sacrifice ratio means a large loss of gross domestic product (GDP) or employment for a given reduction in inflation. In order to estimate the cost of adjustments in inflation rates by...
Persistent link: https://www.econbiz.de/10011100011
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Sacrifice ratios for euro area countries : new evidence on the costs of price stability
Belke, Ansgar; Böing, Tobias - In: The Australian economic review 47 (2014) 4, pp. 455-471
Persistent link: https://www.econbiz.de/10010464199
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Is the Inflation-Output Nexus Asymmetric in the Euro Area?
Baghli, Mustapha - 2010
This paper challenges the assumption that the inflation process within the euro area is well-described by a linear Phillips curve and investigates in a nonparametric framework how inflation is sensitive to output growth. An asymmetric output-inflation trade-off is pointed out in the euro area at...
Persistent link: https://www.econbiz.de/10013136535
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The New Keynesian Phillips Curve in the United States and the Euro Area : Aggregation Bias, Stability and Robustness
Barkbu, Bergljot B.; Cassino, Vincenzo; Gosselin-Lotz, … - 2005
In the recent past, the empirical literature on the New Keynesian Phillips Curve (NKPC) has grown rapidly. The NKPC has been shown to describe satisfactorily the relationship between inflation and marginal cost both for the United States and the euro area. However, little attention has been...
Persistent link: https://www.econbiz.de/10014060301
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Mind the output gap : the disconnect of growth and inflation during recessions and convex Phillips curves in the euro area
Groß, Marco; Semmler, Willi - Task Force on Low Inflation (LIFT) - 2017
area, based on a regime-switching Phillips curve and a regime-switching monetary structural VAR, employing different filter … output gap recurringly increases during times of expansion and abates during recessions. The regime switching VAR reveals the …
Persistent link: https://www.econbiz.de/10011636803