It takes the average reader and 34 minutes to read Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area? by Plamen Iossifov
Assuming a reading speed of 250 words per minute. Learn more
The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the euro area inflation target. To shed light on this issue, we estimate an open-economy, New Keynsian Phillips curve, in which we control for imported inflation. Regression results suggest that falling food and energy prices have been the main disinflationary driver. But low core inflation in the euro area has also had a clear and significant impact. Countries with more rigid exchange-rate regimes and higher share of foreign value added in domestic demand have been more affected. The scope for monetary response to low inflation in non-euro area EU countries depends on concerns about financial stability and unanchoring of inflationary expectations, as well as on exchange rate regime and capital flows dynamics.
Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area? by Plamen Iossifov is 34 pages long, and a total of 8,636 words.
This makes it 11% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area? aloud.
Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area? is suitable for students ages 8 and up.
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