Inflation Linkages Within The Eurozone: Core vs. Periphery

被引:2
|
作者
Magkonis, Georgios [1 ]
Sharma, Abhijit [2 ]
机构
[1] Univ Portsmouth Econ & Finance, Portsmouth, Hants, England
[2] Univ Bradford, Sch Management, Bradford, W Yorkshire, England
关键词
INTERNATIONAL TRANSMISSION; COST CHANNEL; MONETARY; SPILLOVERS; DYNAMICS; RETURN;
D O I
10.1111/sjpe.12184
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine the process of inflation transmission among GIIPS countries (Greece, Ireland, Italy, Portugal and Spain) and Germany. Our findings suggest that inflation spillovers have increased since 2001. We also find that peripheral economies are (dis-)inflation transmitters to the core. This finding is significant for policy formulation, given the very low inflation environment that currently exists in the Euro area and the macroeconomic implications that arise from this.
引用
收藏
页码:277 / 289
页数:13
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