Optimal Inflation weights in the Euro Area

Daniela Bragoli, Massimiliano Rigon, Francesco Zanetti

Risultato della ricerca: Contributo in rivistaArticolo in rivista

1 Citazioni (Scopus)

Abstract

This study investigates the appropriate measure for stabilizing inflation in the euro area. We use a model that accounts for both the heterogeneity observed in the degree of price rigidities across regions and sectors, and asymmetry of real disturbances in relative prices. Our work shows that the optimal weights to assign to each region or sector result from complex interactions between the degree of price stickiness, economic size, and the distribution of shocks within regions.
Lingua originaleEnglish
pagine (da-a)357-383
Numero di pagine27
RivistaInternational Journal of Central Banking
Volume12
Stato di pubblicazionePubblicato - 2016

Keywords

  • asymmetric price stickiness
  • asymmetric shocks
  • euro area
  • optimal monetary policy

Fingerprint Entra nei temi di ricerca di 'Optimal Inflation weights in the Euro Area'. Insieme formano una fingerprint unica.

Cita questo