Holdings: Disinflation in Spain

Disinflation in Spain: The Recent Experience

This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemployment, a positive supply shock resulting from relative price adjustments or structural...

Full description

Saved in:

Bibliographic Details
Main Author:	Sobczak, Nicolas (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1998
Series:	IMF Working Papers Working Paper No. 98/106
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemployment, a positive supply shock resulting from relative price adjustments or structural improvements in the labor market, and a credibility shock that lowers inflationary expectations. The main element underlying Spain's recent disinflation appears to be a fall in inflation expectations, thanks to the country's commitment to participate in Economic and Monetary Union from the start, and policy actions geared to that end
Physical Description:	1 Online-Ressource (30 p)
ISBN:	145185286X 9781451852868

Staff View

MARC


LEADER	00000nmm a2200000 cb4500
001	BV048350316
003	DE-604
005	00000000000000.0
007	cr\|uuu---uuuuu
008	220713s1998 \|\|\|\| o\|\|u\| \|\|\|\|\|\|eng d
020			\|a 145185286X \|c 15.00 USD \|9 1-451-85286-X
020			\|a 9781451852868 \|c 15.00 USD \|9 978-1-451-85286-8
035			\|a (ZDB-1-IMF)845902172
035			\|a (OCoLC)1337120471
035			\|a (DE-599)BVBBV048350316
040			\|a DE-604 \|b ger
041	0		\|a eng
049			\|a DE-20 \|a DE-824 \|a DE-70 \|a DE-155 \|a DE-29 \|a DE-22 \|a DE-473 \|a DE-1102 \|a DE-703 \|a DE-859 \|a DE-706 \|a DE-384 \|a DE-860 \|a DE-19 \|a DE-739 \|a DE-355 \|a DE-Aug4 \|a DE-1049 \|a DE-12 \|a DE-91
100	1		\|a Sobczak, Nicolas \|e Verfasser \|4 aut
245	1	0	\|a Disinflation in Spain \|b The Recent Experience \|c Sobczak, Nicolas
264		1	\|a Washington, D.C \|b International Monetary Fund \|c 1998
300			\|a 1 Online-Ressource (30 p)
336			\|b txt \|2 rdacontent
337			\|b c \|2 rdamedia
338			\|b cr \|2 rdacarrier
490	0		\|a IMF Working Papers \|v Working Paper No. 98/106
520	3		\|a This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemployment, a positive supply shock resulting from relative price adjustments or structural improvements in the labor market, and a credibility shock that lowers inflationary expectations. The main element underlying Spain's recent disinflation appears to be a fall in inflation expectations, thanks to the country's commitment to participate in Economic and Monetary Union from the start, and policy actions geared to that end
533			\|a Online-Ausg
856	4	0	\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|x Verlag \|z URL des Erstveröffentlichers \|3 Volltext
912			\|a ZDB-1-IMF
999			\|a oai:aleph.bib-bvb.de:BVB01-033729584
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UBW01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UEI01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l LCO01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l SBR01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UER01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l SBG01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UBG01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l FAN01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UBT01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l FKE01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UBY01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UBA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l FLA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UBM01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UPA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l UBR01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l FHA01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l FNU01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l BSB01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext
966	e		\|u http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml \|l TUM01 \|p ZDB-1-IMF \|x Verlag \|3 Volltext

Record in the Search Index

_version_	1804184204152406016
adam_txt
any_adam_object
any_adam_object_boolean
author	Sobczak, Nicolas
author_facet	Sobczak, Nicolas
author_role	aut
author_sort	Sobczak, Nicolas
author_variant	n s ns
building	Verbundindex
bvnumber	BV048350316
collection	ZDB-1-IMF
ctrlnum	(ZDB-1-IMF)845902172 (OCoLC)1337120471 (DE-599)BVBBV048350316
format	Electronic eBook
fullrecord	<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04974nmm a2200577 cb4500</leader><controlfield tag="001">BV048350316</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr\|uuu---uuuuu</controlfield><controlfield tag="008">220713s1998 \|\|\|\| o\|\|u\| \|\|\|\|\|\|eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">145185286X</subfield><subfield code="c">15.00 USD</subfield><subfield code="9">1-451-85286-X</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781451852868</subfield><subfield code="c">15.00 USD</subfield><subfield code="9">978-1-451-85286-8</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-IMF)845902172</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1337120471</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048350316</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-91</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Sobczak, Nicolas</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Disinflation in Spain</subfield><subfield code="b">The Recent Experience</subfield><subfield code="c">Sobczak, Nicolas</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">1998</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (30 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF Working Papers</subfield><subfield code="v">Working Paper No. 98/106</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemployment, a positive supply shock resulting from relative price adjustments or structural improvements in the labor market, and a credibility shock that lowers inflationary expectations. The main element underlying Spain's recent disinflation appears to be a fall in inflation expectations, thanks to the country's commitment to participate in Economic and Monetary Union from the start, and policy actions geared to that end</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-IMF</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033729584</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UBW01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UEI01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">LCO01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">SBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UER01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">SBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">FAN01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UBT01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">FKE01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UBY01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UBA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">FLA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UBM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UPA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">UBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">FHA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">FNU01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml</subfield><subfield code="l">TUM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection>
id	DE-604.BV048350316
illustrated	Not Illustrated
index_date	2024-07-03T20:13:28Z
indexdate	2024-07-10T09:35:37Z
institution	BVB
isbn	145185286X 9781451852868
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-033729584
oclc_num	1337120471
open_access_boolean
owner	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM
owner_facet	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM
physical	1 Online-Ressource (30 p)
psigel	ZDB-1-IMF
publishDate	1998
publishDateSearch	1998
publishDateSort	1998
publisher	International Monetary Fund
record_format	marc
series2	IMF Working Papers
spelling	Sobczak, Nicolas Verfasser aut Disinflation in Spain The Recent Experience Sobczak, Nicolas Washington, D.C International Monetary Fund 1998 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/106 This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemployment, a positive supply shock resulting from relative price adjustments or structural improvements in the labor market, and a credibility shock that lowers inflationary expectations. The main element underlying Spain's recent disinflation appears to be a fall in inflation expectations, thanks to the country's commitment to participate in Economic and Monetary Union from the start, and policy actions geared to that end Online-Ausg http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Sobczak, Nicolas Disinflation in Spain The Recent Experience
title	Disinflation in Spain The Recent Experience
title_auth	Disinflation in Spain The Recent Experience
title_exact_search	Disinflation in Spain The Recent Experience
title_exact_search_txtP	Disinflation in Spain The Recent Experience
title_full	Disinflation in Spain The Recent Experience Sobczak, Nicolas
title_fullStr	Disinflation in Spain The Recent Experience Sobczak, Nicolas
title_full_unstemmed	Disinflation in Spain The Recent Experience Sobczak, Nicolas
title_short	Disinflation in Spain
title_sort	disinflation in spain the recent experience
title_sub	The Recent Experience
url	http://elibrary.imf.org/view/IMF001/01770-9781451852868/01770-9781451852868/01770-9781451852868.xml
work_keys_str_mv	AT sobczaknicolas disinflationinspaintherecentexperience

Holdings

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text

MARC

Record in the Search Index

There is no print copy available.

Similar Items