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dc.contributor.authorScharff, Julianeen
dc.contributor.authorNautz, Dieteren
dc.date.accessioned2009-01-28T16:01:40Z-
dc.date.available2009-01-28T16:01:40Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/19641-
dc.description.abstractIn 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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2006,14en
dc.subject.jelC23en
dc.subject.jelE31en
dc.subject.ddc330en
dc.subject.keywordInflationen
dc.subject.keywordRelative Price Variabilityen
dc.subject.keywordPanel Threshold Modelsen
dc.subject.stwInflationen
dc.subject.stwRelativer Preisen
dc.subject.stwSoziale Kostenen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleInflation and relative price variability in the euro area: evidence from a panel threshold model-
dc.typeWorking Paperen
dc.identifier.ppn510394256en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:4250en

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