Ide, Stefaan; Moës, Philippe - Nationale Bank van België/Banque national de Belqique (BNB) - 2004
In this paper, we use a SVAR model in order to study the asymmetry of growth and inflation developments in the acceding … growth or inflation divergence, rather than the distinct way in which acceding countries react to euro area shocks. But … responsible for inflation asymmetry. Hence, a low asymmetry in terms of growth does not necessarily imply a low asymmetry in terms …