Utilize este identificador para referenciar este registo: http://hdl.handle.net/10071/3687
Registo completo
Campo DCValorIdioma
dc.contributor.authorLagoa, S.-
dc.date.accessioned2012-08-03T16:20:17Z-
dc.date.available2012-08-03T16:20:17Z-
dc.date.issued2012-08-03-
dc.identifier.urihttp://hdl.handle.net/10071/3687-
dc.description.abstractIn the euro area, inflation rates diverged after the creation of the single currency, and started to converge again after mid 2002. Against this background, this paper studies the determinants of inflation differentials in the euro area. We start by using the New Keynesian Phillips Curve (NKPC) to explain inflation differences for a panel of countries. It is found that expected inflation and exchange rate movements are important in causing diverging inflation dynamics, while lagged inflation and exchange rates dynamics are not. Moreover, the Incomplete Competition Model (ICM) adds explanatory power to the NKPC in describing inflation dynamics across countries. Not only the former model is not encompassed by the latter, but also the variables proposed by the ICM turn out as significant: the growth of nominal Unit Labour Cost and the long-run disequilibrium between prices and costs explain inflation differentials.por
dc.description.sponsorshipFCTpor
dc.language.isoengpor
dc.relationinfo:eu-repo/grantAgreement/FCT/SFRH/SFRH%2FBD%2F27973%2F2006/PT-
dc.relation.ispartofseriesDINÂMIA'CET - WP - Working Paperspor
dc.relation.ispartofseries2011/08por
dc.rightsopenAccesspor
dc.subjectInflationpor
dc.subjectBusiness cyclepor
dc.subjectConvergencepor
dc.subjectNew Keynesian Phillips curvepor
dc.subjectIncomplete competition model.por
dc.titleDeterminants of inflation differentials in the euro area: Is the New Keynesian Phillips Curve enough?por
dc.typeworkingPaperpor
dc.peerreviewedSimpor
degois.publication.issueDINAMIA_WP_2011-08por
dc.identifier.doi10.7749/dinamiacet-iul.wp.2011.08-
Aparece nas coleções:DINÂMIA'CET-WP - Working papers com arbitragem científica

Ficheiros deste registo:
Ficheiro Descrição TamanhoFormato 
DINAMIA_WP_2011-08.pdf964,16 kBAdobe PDFVer/Abrir


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpaceOrkut
Formato BibTex mendeley Endnote Logotipo do DeGóis Logotipo do Orcid 

Todos os registos no repositório estão protegidos por leis de copyright, com todos os direitos reservados.