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Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/19641
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Scharff, Juliane | | en_US |
| dc.contributor.author | | Nautz, Dieter | | en_US |
| dc.date.accessioned | | 2009-01-28T16:01:40Z | | - |
| dc.date.available | | 2009-01-28T16:01:40Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/19641 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.relation.ispartofseries | | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,14 | | en_US |
| dc.subject.jel | | C23 | | en_US |
| dc.subject.jel | | E31 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Inflation | | en_US |
| dc.subject.keyword | | Relative Price Variability | | en_US |
| dc.subject.keyword | | Panel Threshold Models | | en_US |
| dc.subject.stw | | Inflation | | en_US |
| dc.subject.stw | | Relativer Preis | | en_US |
| dc.subject.stw | | Soziale Kosten | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Inflation and relative price variability in the euro area: evidence from a panel threshold model | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 510394256 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| dc.identifier.repec | | RePEc:zbw:bubdp1:4250 | | - |
| Appears in Collections: | | Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank
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