Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/43276 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorBeck, Guenter W.en
dc.contributor.authorHubrich, Kirstinen
dc.contributor.authorMarcellino, Massimilianoen
dc.date.accessioned2010-03-29-
dc.date.accessioned2010-12-15T09:23:00Z-
dc.date.available2010-12-15T09:23:00Z-
dc.date.issued2009-
dc.identifier.piurn:nbn:de:hebis:30-73629en
dc.identifier.urihttp://hdl.handle.net/10419/43276-
dc.description.abstractWe use a novel disaggregate sectoral euro area dataset with a regional breakdown that allows explicit estimation of the sectoral component of price changes (rather than interpreting the idiosyncratic component as sectoral as done in other papers). Employing a new method to extract factors from over-lapping data blocks, we find for our euro area data set that the sectoral component explains much less of the variation in sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. Country- and region-specific factors play an important role in addition to the sector-specific factors. We conclude that sectoral price changes have a 'geographical' dimension, as yet unexplored in the literature, that might lead to new insights regarding the properties of sectoral price changes.en
dc.language.isoengen
dc.publisher|aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCFS Working Paper |x2009/32en
dc.subject.jelE31en
dc.subject.jelE4en
dc.subject.jelE5en
dc.subject.jelC3en
dc.subject.ddc330en
dc.subject.keywordDisaggregated Pricesen
dc.subject.keywordEuro Area Regional and Sectoral Inflationen
dc.subject.keywordCommon Factor Modelsen
dc.subject.stwInflationen
dc.subject.stwPreisspanneen
dc.subject.stwBrancheen
dc.subject.stwSchocken
dc.subject.stwRegionale Preisstrukturen
dc.subject.stwSchätzungen
dc.subject.stwEurozoneen
dc.titleOn the importance of sectoral shocks for price-setting-
dc.typeWorking Paperen
dc.identifier.ppn622760483en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfswop:200932en

Datei(en):
Datei
Größe
433.53 kB





Publikationen in EconStor sind urheberrechtlich geschützt.