Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93094
Authors: 
Moretti, Laura
Year of Publication: 
2014
Series/Report no.: 
CFS Working Paper 451
Abstract: 
Inflation differentials in the euro area have been persistent since the adoption of the single currency. This paper analyzes the impact of product and labor market regulation on inflation in a sample of 11 countries. The results show that, after the adoption of the euro, product market deregulation has a relevant and significant effect on the level of inflation, while higher labor market regulation increases the responsiveness of inflation to the output gap.
Subjects: 
Labor Market Deregulation
Product Market Deregulation
EMU
Inflation Rate
JEL: 
E31
E58
E65
L51
Document Type: 
Working Paper

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