The determinants of inflation differentials in the euro area
- 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.
| Author: | Laura Moretti |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-331612 |
| Parent Title (German): | Center for Financial Studies (Frankfurt am Main): CFS working paper series ; 451 |
| Series (Serial Number): | CFS working paper series (451) |
| Publisher: | Center for Financial Studies |
| Place of publication: | Frankfurt, M. |
| Document Type: | Working Paper |
| Language: | English |
| Date of Publication (online): | 2014/02/20 |
| Date of first Publication: | 2014/02/20 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2014/02/28 |
| Tag: | EMU; Inflation Rate; Labor Market Deregulation; Product Market Deregulation |
| HeBIS-PPN: | 34997912X |
| Institutes: | Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
