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inflation that can be attributed solely to the rounding of prices to figures that are "attractive" in euro. The empirical … inflation in 2002 lies between 0.1 and 0.5 percentage points. The changeover apparently worked its effect mainly through …
Persistent link: https://www.econbiz.de/10010854285
inflation will be higher in countries where prices are initially low. Price level convergence thus provides a potential … explanation for recent cross-country differences in European inflation, a worrisome development under the ECBs "one … how much of the recent divergence of national inflation rates can be explained by price level convergence. I show that …
Persistent link: https://www.econbiz.de/10014133094
This paper aims to explain differences in inflation between six central European economies - Croatia, the Czech … productivity differentials explain on average only between 0.2 and 2.0 percentage points of annual inflation differentials vis …-a-vis the euro area. Productivity differentials also explain only a small proportion of domestic inflation in central European …
Persistent link: https://www.econbiz.de/10014058428
This paper estimates the magnitude of the Balassa-Samuelson effect for Greece. We calculate the effect directly, using sectoral national accounts data, which permits estimation of total factor productivity (TFP) growth in the tradeables and nontradeables sectors. Our results suggest that it is...
Persistent link: https://www.econbiz.de/10014080549
the inflation rate. Using five-year averages of standard measures of financial development, inflation, and growth for 84 … countries from 1960 to 1995, a series of rolling panel regressions show that there is an inflation threshold for the finance …-growth relationship that lies between 13 and 25 percent. When inflation exceeds the threshold, finance ceases to increase economic growth …
Persistent link: https://www.econbiz.de/10014110986
also investigate how much of the variation in national inflation rates in Europe can be explained by price level …
Persistent link: https://www.econbiz.de/10014104250
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …
Persistent link: https://www.econbiz.de/10013553631
This paper estimates the magnitude of the Balassa-Samuelson effect for Greece. We calculate the effect directly, using sectoral national accounts data, which permits estimation of total factor productivity (TFP) growth in the tradeables and nontradeables sectors. Our results suggest that it is...
Persistent link: https://www.econbiz.de/10005162305
investigates the implications of euro adoption in the Slovak Republic for inflation and interest rates with an attempt to quantify … raise the Slovak inflation rate above the euro area level. As capital markets have already fully priced in euro membership … to counter any such developments.<P>L'adoption de l'euro par la République slovaque : les implications pour l'inflation …
Persistent link: https://www.econbiz.de/10005045772
This paper aims to explain differences in inflation between six central European economies - Croatia, the Czech … 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 …
Persistent link: https://www.econbiz.de/10005187767