Inflation and relative price variability in the euro area : evidence from a panel threshold model /

Inflation and relative price variability in the euro area : evidence from a panel threshold model /

In recent macroeconomic theory, relative price variability (RPV) generates the central distortions of inflation. This paper provides first evidence on the empirical relation between inflation and RPV in the euro area focusing on threshold effects of inflation. We find that expected inflation signifi...

Full description

Bibliographic Details
Main Author: Nautz, Dieter
Other Authors: Scharff, Juliane
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2006
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies ; no. 14/2006
Subjects:
UNION EUROPEA
INFLACION
PRECIOS RELATIVOS
EFECTO RENTA DEL IMPUESTO
EFECTOS FISCALES
Online Access:http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2006/2006_03_26_dkp_14.pdf?__blob=publicationFile

MARC

LEADER 00000nam a22000007a 4500
003 arcduce
005 20230614165830.0
007 ta
008 131122s2006 gw_||||| |||| 00| 0 eng d
020 |a 3865581439 
040 |a arcduce  |c arcduce 
082 0 |2 21  |a 332.41094 
100 1 |9 5361  |a Nautz, Dieter 
245 1 0 |a Inflation and relative price variability in the euro area :  |b evidence from a panel threshold model /  |c Dieter Nautz, Juliane Scharff. 
260 |a Frankfurt am Main :  |b Deutsche Bundesbank,  |c 2006 
300 |a 45 p. 
490 1 |a Discussion paper. Series 1: economic studies ;  |v no. 14/2006 
504 |a Bibliografía: p. 25-27. 
520 3 |a In recent macroeconomic theory, relative price variability (RPV) generates the central distortions of inflation. This paper provides first evidence on the empirical relation between inflation and RPV in the euro area focusing on threshold effects of inflation. We find that expected inflation significantly increases RPV if inflation is either very low (below -1.38% p.a.) or very high (above 5.94% p.a.). In the intermediate regime, however, expected inflation has no distorting effects which supports price stability as an outcome of optimal monetary policy.  
650 4 |a UNION EUROPEA  |9 155 
650 4 |a INFLACION  |9 282 
650 4 |a PRECIOS RELATIVOS  |9 5362 
653 4 |a EFECTO RENTA DEL IMPUESTO 
653 4 |a EFECTOS FISCALES 
700 1 |9 5363  |a Scharff, Juliane 
830 0 |9 4690  |a Discussion paper (Deutsche Bundesbank).  |p Series 1: economic studies ;  |v no. 14/2006 
856 4 |u http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2006/2006_03_26_dkp_14.pdf?__blob=publicationFile 
942 |2 ddc  |c DOCU  |j F 332.41094 N 20933 
945 |a BEA  |c 2013-11-27 
952 |0 0  |1 0  |2 ddc  |4 0  |6 F_332_410940000000000_N_20933  |7 0  |9 31479  |a BMB  |b BMB  |d 2013-11-27  |l 1  |o F 332.41094 N 20933  |p 20933 F  |r 2015-07-27 00:00:00  |s 2015-04-15  |w 2013-11-27  |y DOCU 
999 |c 23804  |d 23804 

Similar Items