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.

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]

Optimal Inflation weights in the Euro Area

Bragoli, Daniela
Primo
;
Rigon, Massimiliano
Secondo
;
Zanetti, Francesco
Ultimo
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.
Inglese
Bragoli, D., Rigon, M., Zanetti, F., Optimal Inflation weights in the Euro Area, <>, 2016; 12 (2): 357-383 [http://hdl.handle.net/10807/76624]
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10807/76624
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