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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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/192 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (26 p) |
ISBN: | 1475538936 9781475538939 |
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spelling | Andrle, Michal Verfasser aut Inflation and Output Comovement in the Euro Area Love at Second Sight? Andrle, Michal Washington, D.C International Monetary Fund 2013 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/192 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 Online-Ausg Bruha, Jan Sonstige oth Solmaz, Serhat Sonstige oth http://elibrary.imf.org/view/IMF001/20802-9781475538939/20802-9781475538939/20802-9781475538939.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Andrle, Michal Inflation and Output Comovement in the Euro Area Love at Second Sight? |
title | Inflation and Output Comovement in the Euro Area Love at Second Sight? |
title_auth | Inflation and Output Comovement in the Euro Area Love at Second Sight? |
title_exact_search | Inflation and Output Comovement in the Euro Area Love at Second Sight? |
title_exact_search_txtP | Inflation and Output Comovement in the Euro Area Love at Second Sight? |
title_full | Inflation and Output Comovement in the Euro Area Love at Second Sight? Andrle, Michal |
title_fullStr | Inflation and Output Comovement in the Euro Area Love at Second Sight? Andrle, Michal |
title_full_unstemmed | Inflation and Output Comovement in the Euro Area Love at Second Sight? Andrle, Michal |
title_short | Inflation and Output Comovement in the Euro Area |
title_sort | inflation and output comovement in the euro area love at second sight |
title_sub | Love at Second Sight? |
url | http://elibrary.imf.org/view/IMF001/20802-9781475538939/20802-9781475538939/20802-9781475538939.xml |
work_keys_str_mv | AT andrlemichal inflationandoutputcomovementintheeuroarealoveatsecondsight AT bruhajan inflationandoutputcomovementintheeuroarealoveatsecondsight AT solmazserhat inflationandoutputcomovementintheeuroarealoveatsecondsight |