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EnglishThis study investigates the appropriate measure for stabilizing inflation in the euro area. We use a model that accounts for both the heterogeneity observed in the degree of price rigidities across regions and sectors, and asymmetry of real disturbances in relative prices. Our work shows that the optimal weights to assign to each region or sector result from complex interactions between the degree of price stickiness, economic size, and the distribution of shocks within regions.
Bragoli, D., Rigon, M., Zanetti, F., Optimal Inflation weights in the Euro Area, <<INTERNATIONAL JOURNAL OF CENTRAL BANKING>>, 2016; 12 (2): 357-383 [http://hdl.handle.net/10807/76624]
| Autori: | |
| Titolo: | Optimal Inflation weights in the Euro Area |
| Data di pubblicazione: | 2016 |
| Abstract: | This study investigates the appropriate measure for stabilizing inflation in the euro area. We use a model that accounts for both the heterogeneity observed in the degree of price rigidities across regions and sectors, and asymmetry of real disturbances in relative prices. Our work shows that the optimal weights to assign to each region or sector result from complex interactions between the degree of price stickiness, economic size, and the distribution of shocks within regions. |
| Lingua: | Inglese |
| Rivista: | |
| Citazione: | Bragoli, D., Rigon, M., Zanetti, F., Optimal Inflation weights in the Euro Area, <<INTERNATIONAL JOURNAL OF CENTRAL BANKING>>, 2016; 12 (2): 357-383 [http://hdl.handle.net/10807/76624] |
| Appare nelle tipologie: | Articolo in rivista, Nota a sentenza |
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