Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?

Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?
The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the euro area inflation target. To shed light on this issue, we estimate an open-economy, New Keynsian Phillips curve, in which we control for imported inflation. Regression results suggest... READ MORE...

Publication date: October 2014
ISBN 9781484300527
$18.00

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