Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19641
Full metadata record
DC FieldValueLanguage
dc.contributor.authorScharff, Julianeen_US
dc.contributor.authorNautz, Dieteren_US
dc.date.accessioned2009-01-28T16:01:40Z-
dc.date.available2009-01-28T16:01:40Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19641-
dc.description.abstractIn recent macroeconomic theory, relative price variability (RPV) generates thecentral distortions of inflation. This paper provides first evidence on the empiricalrelation between inflation and RPV in the euro area focusing on threshold effectsof inflation. We find that expected inflation significantly increases RPV if inflationis either very low (below -1.38% p.a.) or very high (above 5.94% p.a.). In theintermediate regime, however, expected inflation has no distorting effects whichsupports price stability as an outcome of optimal monetary policy.en_US
dc.language.isoengen_US
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.-
dc.relation.ispartofseries|aDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank |x2006,14en_US
dc.subject.jelC23en_US
dc.subject.jelE31en_US
dc.subject.ddc330en_US
dc.subject.keywordInflationen_US
dc.subject.keywordRelative Price Variabilityen_US
dc.subject.keywordPanel Threshold Modelsen_US
dc.subject.stwInflationen_US
dc.subject.stwRelativer Preisen_US
dc.subject.stwSoziale Kostenen_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwDeutschlanden_US
dc.titleInflation and relative price variability in the euro area: evidence from a panel threshold modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn510394256en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:4250-

Files in This Item:
File
Size
490.49 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.