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Inflation Differentials in the Euro Area: Did the ECB Care?
[Zeitschriftenartikel]
Abstract Compared to inflation differentials among regions in the United States, EMU inflation differentials are larger and more persistent. Based on augmented monetary policy reactions functions, this paper addresses the question whether the presence of pronounced inflation differentials in combination with... mehr
Compared to inflation differentials among regions in the United States, EMU inflation differentials are larger and more persistent. Based on augmented monetary policy reactions functions, this paper addresses the question whether the presence of pronounced inflation differentials in combination with low average inflation rates has influenced monetary policy decisions of the ECB. The paper finds statistical evidence that the ECB took inflation differentials into account which may reflect the fear of deflation in low inflation countries like Germany.... weniger
Sprache Dokument
Englisch
Publikationsjahr
2009
Seitenangabe
S. 1293-1302
Zeitschriftentitel
Applied Economics, 41 (2009) 10
DOI
https://doi.org/10.1080/00036840701522838
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)