Inflation patterns and monetary policy : lessons for the European Central Bank /

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Bibliographic Details
Main Author: Groeneveld, Johannes M., 1965-
Format: Book
Language:English
Published: Cheltenham, UK ; Northampton, Mass., USA : Edward Elgar, c1998.
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Table of Contents:
  • A preliminary look at inflation
  • The P*-Framework: Theory and Backgrounds
  • Theoretical and methodological underpinnings of the P*-model
  • Technical aspects
  • Unit roots: theory and testing strategy
  • Testing the P*-Model for Four Initial ERM Members
  • A preliminary look at the actual data
  • The determination of the price gaps
  • Regression results
  • Money and Prices in a Small EMU
  • The extended P*-model
  • Aggregation issues
  • The actual and equilibrium European variables
  • Technical aspects of the construction of European equilibrium variables
  • Economic distortions in Europe: theoretical and policy considerations
  • Regression results
  • Monetary Spillover Effects from the ERM to Austria
  • A preliminary look at the data and the price gaps for Austria
  • The impact of national and European monetary factors on Austrian prices
  • Direct Inflation Targeting: Conceptual and Empirical Considerations
  • Practical and theoretical backgrounds
  • A preliminary look at the data
  • The data generating process of inflation
  • Inflation and interest rate dynamics
  • What monetary strategy for the ECB: some preliminary thoughts
  • About the Ins and Outs
  • Convergence in Europe: a brief review of the literature
  • Some stylized facts
  • An empirical analysis of convergence in Europe
  • Economic performance and long-term interest rates
  • Summary and some policy considerations.