Inflation differentials in the Euro area: A survey

The European Central Bank at Ten

Volumn , Issue , 2010, Pages 11-32

  De Haan, Jakob ^a,b  

^a DE NEDERLANDSCHE BANK   (Netherlands)

^b UNIVERSITY OF GRONINGEN   (Netherlands)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 80053076660     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1007/978-3-642-14237-6_2     Document Type: Chapter

References (42)

1. Alesina, A., Ardagna, S., & Galasso, V. (2008). The Euro and structural reforms. NBER Working Paper No. 14479
2. Altissimo, F., Benigno, P., & Rodriguez Palenzuela, D. (2005). Long-run determinants of inflation differentials in a monetary union. NBER Working Paper No. 11473
3. Andersson, M., Masuch, K., & Schiffbauer, M. (2009). Determinants of inflation and price level differentials across the Euro area countries. ECB Working Paper No. 1129
4. Andrés, J., Ortega, E., & Vallés, J. (2008). Competition and inflation differentials in EMU. Journal of Economic Dynamics and Control, 32(3), 848-874
5. Angeloni, I., & Ehrmann, M. (2004). Euro area inflation differentials. ECB Working Paper No. 388
6. Angeloni, I., & Ehrmann, M. (2007). Euro area inflation differentials. The B.E. Journal of Macroeconomics, Topics, 7(1), article 24
7. Baxter, M., & Kouparitsas, M. (2005). Determinants of business cycle comovement: A robust analysis. Journal of Monetary Economics, 52, 113-157
8. Bean, C. (1998). The interaction of aggregate-demand policies and labour market reform. Swedish Economic Policy Review, 5(2), 353-382
9. Beck, G.W., Hubrich, K., & Marcellino, M. (2009). Regional inflation dynamics within and across euro area countries and a comparison with the United States. Economic Policy, 141-184
10. Bednarek-Sekunda, E., Jong-A-Pin, R., & de Haan, J. (2010). The European economic and monetary union and labour market reform. European Union Politics, 11, 3-27
11. Benigno, P. (2004). Optimal monetary policy in a currency area. Journal of International Economics, 63, 293-320
12. Bertola, G., & Boeri, T. (2002). EMU labour markets two years on: Microeconomic tensions and institutional evolution. In M. Buti & A. Sapir (Eds.), EMU and economic policy in Europe (pp. 249-280). Cheltenham: Edward Elgar
13. Calmfors, L. (2001). Unemployment, labour-market reform and monetary union. Journal of Labour Economics, 19(2), 265-289
14. Calmfors, L., & Driffill, J. (1988). Bargaining structure, corporatism, and macroeconomic performance. Economic Policy, 6, 13-61
15. Campolmi, A., & Faia, E. (2004). Inflation differentials and different labour market institutions in the EMU. Mimeo: Pompeu Fabra
16. Cecchetti, S. C., Mark, N., & Sonora, R. (2002). Price level convergence among United States cities: Lessons for the European Central Bank. International Economic Review, 43, 1081-1099
17. Clark, T. E., & van Wincoop, E. (2001). Borders and business cycles. Journal of International Economics, 55, 59-85
18. De Haan, J., Eijffinger, S. C. W., & Waller, S. (2005). The European Central Bank Credibility, transparency, and centralization. Cambridge: MIT Press
19. De Haan, J., Inklaar, R., & Jong-A-Pin, R. M. (2008). Will business cycles in the euro area converge? A critical survey of empirical research. Journal of Economic Surveys, 22(2), 243-273
20. De Haan, J., Oosterloo, S., & Schoenmaker, D. (2009). European financial markets and institutions. Cambridge: Cambridge University Press
21. Dhyne, E., Alvarez, L. J., Le Bihan, H., Veronese, G., Dias, D., Hoffmann, J., et al. (2006). Price changes in the euro area and the United States: Some facts from individual consumer price data. Journal of Economic Perspectives, 20(2), 171-192
22. Duarte, M., & Wolman, A. L. (2008). Fiscal policy and regional inflation in a currency union. Journal of International Economics, 74, 384-401
23. Duval, R., & Elmeskov, J. (2006). The effects of EMU on structural reforms in labour and product markets. ECB Working Paper No. 596
24. Égert, B., & Podpiera, J. (2008). Beyond Balassa-Samuelson in Visegrad-4 countries. VOX EU, 2 April 2008
25. European Central Bank (2003). Inflation differentials in the euro area: Potentialcauses and policy implications, Frankfurt: European Central Bank. Available at: Http://www.ecb. int/pub/pdf/other/inflationdifferentialreporten. pdf
26. European Central Bank (2005). Monetary policy and inflation differentials in a heterogeneous currency area. Monthly Bulletin, 61-77
27. Fatás, A. (1997). EMU: Countries or regions? Lessons from the EMS experience. European Economic Review, 41(3-5), 743-751
28. Fendel, R., & Frenkel, M. (2009). Inflation differentials in the euro area: Did the ECB care? Applied Economics, 41, 1293-1302
29. Frankel, J. A., & Rose, A. K. (1998). The endogeneity of the optimum currency area criteria. Economic Journal, 108, 1009-1025
30. Honohan, P., & Lane, P. (2003). Divergent inflation rates in EMU. Economic Policy, 18(37), 358-394
31. Honohan, P., & Lane, P. (2004). Exchange rates and inflation under EMU: An update. Economic Policy Web Essay. Available at: Http://www. economicpolicy.org/responses.asp
32. Hüfner, F.P., & SchrÖder, M. (2002). Exchange rate pass-through to consumer prices: A European perspective. ZEW Discussion Paper No. 02-20
33. Imbs, J. (2004). Trade, finance, specialization and synchronization. Review of Economics and Statistics, 86, 723-734
34. Imbs, J. (2006). The real effects of financial integration. Journal of International Economics, 68(2), 296-324
35. Inklaar, R., Jong-A-Pin, R. M., & De Haan, J. (2008). Trade and business cycle synchronization in OECD countries: A re-examination. European Economic Review, 52(4), 646-666
36. Krugman, P. R. (1991). Geography and trade. Cambridge Mass: MIT Press
37. Leiner-Killinger, N., López Pérez, V., Stiegert, R., & Vitale, G. (2007). Structural reforms in EMU and the role of monetary policy A survey of the literature. ECB Occasional Paper No. 66
38. Mihaljek, D., & Klau, M. (2008). Catching-up and inflation in transition economies: The Balassa- Samuelson effect revisited. BIS Working Papers No. 270
39. Parsley, D., & Wei, S-J. (1996). Convergence to the law of one price without trade barriers or currency fluctuations. Quarterly Journal of Economics, 111, 1211-1236
40. Rabanal, P. (2009). Inflation differentials between Spain and the EMU: A DSGE perspective. Journal of Money, Credit, and Banking, 41(6), 1142-1166
41. Remsperger, H. (2003). Inflation differentials in EMU. Causes and implications. Presentation at the CEPR/ESI Seventh Annual Conference on ''The Euro Area as an Economic Entity'' in Eltville on 13 September 2003
42. Sibert, A. (2003). The New Monetary Policy Strategy of the ECB. Briefing paper for the Committee on Economic and Monetary Affairs of the European Parliament, May 2003