This paper provides a comprehensive review of the factors that can cause price levels to
diverge and which are at the root of different inflation rates in Europe including the EU-27 …

We explore the impact of European monetary union on the economies of the member
countries. Inflation differentials across the euro area have been persistent, such that …

We study the effect of regional expenditure and revenue shocks on price differentials for 47
US states and 9 EU countries. We identify shocks using sign restrictions on the dynamics of …

This paper provides a summary of current knowledge on inflation persistence and price
stickiness in the euro area, based on research findings that have been produced in the …

We study the convergence properties of inflation rates among the countries of the European
Monetary Union over the period 1980-2004. Given the Maastricht agreements and the …

Inflation targeting (IT) had originally been introduced as a device to bring inflation down and
stabilize it at low levels. Given the current environment of persistently weak inflation in many …

Abstract Building upon a Behavioural Equilibrium Exchange Rate model, estimated at a
quarterly frequency since 1999 on a broad sample of 57 countries, this paper assesses both …

Despite having had the same currency for many years, EMU countries still have quite
different inflation dynamics. In this paper we explore one possible reason: country specific …

Face à la crise globale du capitalisme, on voit désormais le FMI, des gouvernements ou des
économistes célèbres brûler ce qu'ils ont adoré–le marché–et réhabiliter l'État qu'ils …

This paper analyzes the long-run determinants of inflation differentials in a monetary union.
First, we aim at establishing some stylized facts relating the regional dispersion in headline …