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...
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| Format: | Book |
| Language: | English |
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Frankfurt am Main :
Deutsche Bundesbank,
2006
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| Series: | Discussion paper (Deutsche Bundesbank). Series 1: economic studies ;
no. 14/2006 |
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| Online Access: | http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2006/2006_03_26_dkp_14.pdf?__blob=publicationFile |