European inflation dynamics
نویسندگان
چکیده
منابع مشابه
Does European Monetary Union make inflation dynamics more uniform?
Using a nonparametric method to characterize Markovian operators, we describe the evolution of the short-run inflation processes among the EMU countries between 1996 and 2012. While a progressive clustering pattern can be outlined in the first half of the period showing that the monetary union makes price dynamics more homogeneous starting from 2004 an increase in price volatility makes the clu...
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Maintaining price stability in the euro area is the primary objective of the single monetary policy of the European Central Bank. In following this goal, monetary policy cannot prevent, however, inflation rates from differing between member countries of EMU. For example, over the last twelve months, the year-on-year rates of the HICP for Germany, Austria and the Netherlands averaged around 11⁄2...
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Abstract In this paper, the effect of foreign sector macro-variable on inflation dynamics and firms’ pricing behavior has been investigated in the context of a small open economy New Keynesian Phillips Curve. This curve is derived and estimated for a developing oil-exporting economy suffering from Dutch Disease. This version of NKPC is an extension of Leith and Malley’s (2007) small open econom...
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In this paper we develop and estimate a new-Keynesian model of inflation and use it to investigate the hypothesis that prices in the UK are re-set more frequently during periods of high inflation. In the model, firms are assumed to condition their expectations on an optimally-selected but incomplete information set and we further assume that the probability that they will reset their price in a...
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Warm inflation dynamics is reviewed. Results on dissipative scalar field dynamics relevant to warm inflation are examined and estimates of radiation production are given.
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2001
ISSN: 0014-2921
DOI: 10.1016/s0014-2921(00)00105-7