Inflation Differentials in the EU : A Common (Factors) Approach with Implications for EU8 Euro Adoption Prospects.
This paper explores inflation determinants within the EU and implications for new members' euro adoption plans. Factor analysis partitions observed inflation in EU25 countries into common-origin and country-specific (idiosyncratic) components. Cross-country differences in common-origin inflatio...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2008.
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| Series: | IMF Working Papers; Working Paper ;
No. 2008/021 |
| Online Access: | Full text available on IMF |