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, DanielaPrimo
;Rigon, MassimilianoSecondo
;Zanetti, FrancescoUltimo
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.
| File | Dimensione | Formato | |
|---|---|---|---|
|
IJCB.pdf
non disponibili
Tipologia file ?:
Versione Editoriale (PDF)
Licenza:
Non specificato
Dimensione
304.27 kB
Formato
Unknown
|
304.27 kB | Unknown | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
