Inflation and Output Comovement in the Euro Area : Love at Second Sight? /

This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not be apparent at first sight, but is clear at business cycle frequencies. Our results suggest that at business cycle frequency, the output and core inflation comovement is high and sta...

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מידע ביבליוגרפי
מחבר ראשי: Andrle, Michal
מחברים אחרים: Bruha, Jan, Solmaz, Serhat
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2013.
סדרה:IMF Working Papers; Working Paper ; No. 2013/192
נושאים:
גישה מקוונת:Full text available on IMF
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100 1 |a Andrle, Michal. 
245 1 0 |a Inflation and Output Comovement in the Euro Area :   |b Love at Second Sight? /  |c Michal Andrle, Jan Bruha, Serhat Solmaz. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not be apparent at first sight, but is clear at business cycle frequencies. Our results suggest that at business cycle frequency, the output and core inflation comovement is high and stable, and that inflation lags the cycle in output with roughly half of its variance. The strong relationship of output and inflation hints at the importance of demand shocks for the euro area business cycle. 
538 |a Mode of access: Internet 
651 7 |a United States  |2 imf 
700 1 |a Bruha, Jan. 
700 1 |a Solmaz, Serhat. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/192 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/192/001.2013.issue-192-en.xml  |z IMF e-Library