المستودع الأكاديمي جامعة المدينة

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

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dc.creator Scharff, Juliane
dc.creator Nautz, Dieter
dc.date 2006
dc.date.accessioned 2013-10-16T07:06:02Z
dc.date.available 2013-10-16T07:06:02Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19641
dc.identifier ppn:510394256
dc.identifier RePEc:zbw:bubdp1:4250
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19641
dc.description 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.
dc.language eng
dc.relation Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,14
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C23
dc.subject E31
dc.subject ddc:330
dc.subject Inflation
dc.subject Relative Price Variability
dc.subject Panel Threshold Models
dc.subject Inflation
dc.subject Relativer Preis
dc.subject Soziale Kosten
dc.subject Schätzung
dc.subject Deutschland
dc.title Inflation and relative price variability in the euro area: evidence from a panel threshold model
dc.type doc-type:workingPaper


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