Show simple item record

2009-07-07Buch DOI: 10.18452/4202
The Impact of the European Monetary Union on Inflation Persistence in the Euro Area
dc.contributor.authorMeller, Barbara
dc.contributor.authorNautz, Dieter
dc.date.accessioned2017-06-15T23:57:47Z
dc.date.available2017-06-15T23:57:47Z
dc.date.created2010-05-20
dc.date.issued2009-07-07
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4854
dc.description.abstractThis paper uses the European Monetary Union (EMU) as a natural experiment to investigate whether more effective monetary policy reduces the persistence of ination. Taking into account the fractional integration of ination, we con_rm that ination dynamics differed considerably across Euro area countries before the start of EMU. Since 1999, however, results obtained from panel estimation indicate that the degree of long run ination persistence has converged. In line with theoretical predictions, we find that the persistence of ination has significantly decreased in the Euro area probably as a result of the more effective monetary policy of the ECB.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectMonetary Policy Effectiveness and Ination Persistenceeng
dc.subjectPanel Test for Fractional Integrationeng
dc.subjectChange in Ination Persistenceeng
dc.subject.ddc330 Wirtschaft
dc.titleThe Impact of the European Monetary Union on Inflation Persistence in the Euro Area
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100110657
dc.identifier.doihttp://dx.doi.org/10.18452/4202
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages22
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2009
local.edoc.container-issue37
local.edoc.container-year2009
local.edoc.container-erstkatid2195055-6

Show simple item record