A simple inflation indicator for the euro zone
نویسندگان
چکیده
منابع مشابه
Inflation and inflation uncertainty in the Euro Area
This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the euro area, and investigates the linkages between them in a VAR framework, also allowing for the possible impact of the policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and inflation uncertainty have declined st...
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Few studies have empirically examined the possibility of nonlinearity in inflation and tested nonlinear stationarity of the inflation rates. The present study thus intends to fill the gap. The study examines the hypothesis that, for a group of countries having exercised target-zone type stabilization policies with their inflation eventually converging to similar low levels, their inflation rate...
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This paper investigates the long-run convergence of national inflation rates in the European Union. The application of a new test is proposed that involves unit root testing of the first principal component based on national-EU inflation differentials. Using inflation data based on harmonized consumer price indices for 1999-2007, the first principal component is stationary. This suggests that a...
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Euro area inflation stubbornly above 2 per cent Headline inflation in the euro area has, on average, remained stubbornly above 2 per cent -the upper limit of the European Central Bank’s definition of medium-term price stability -for most of the period since mid-2000. This persistence may seem puzzling in the light of weakness in activity and is only partly explained by factors like oil and food...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2008
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036840600959917