New Keynesian Explanations of Cyclical Movements in Aggregate Inflation and Regional Inflation Differentials

What determines the cyclical behavior of aggregate inflation and regional inflation differentials? The answer has strong implications for monetary policy and in Europe for the Stability and Growth Pact. In the United States, inflation rates move pro-cyclically, and across the Euro Area, inflation di...

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Bibliographic details
Volume: 17
Main Author: Canzoneri, Matthew B
Cumby, Robert E
Diba, Behzad T
Mykhaylova, Olena
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Boston Kluwer Academic Publishers 01.01.2006
published in: Open economies review Vol. 17; no. 1; pp. 27 - 55
Data of publication: 20060100
ISSN: 0923-7992
EISSN: 1573-708X
Discipline: Economics
Online Access: Fulltext
Database: CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS