The Role of Expectations in Euro Area Inflation Dynamics

The Role of Expectations in Euro Area Inflation Dynamics
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Total Pages : 100
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ISBN-10 : PSU:000056867664
ISBN-13 :
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Book Synopsis The Role of Expectations in Euro Area Inflation Dynamics by : Maritta Paloviita

Download or read book The Role of Expectations in Euro Area Inflation Dynamics written by Maritta Paloviita and published by . This book was released on 2005 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä.


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The Role of Expectations in Euro Area Inflation Dynamics
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Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t
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This paper assesses empirically the two main alternative specifications of the output gap-based Phillips relation for the euro area: the older expectations-augm