Arbeitspapier

Inflation differentials in a Monetary Union: the case of Malta

The objective of this paper is to enhance the understanding of inflation dynamics in Malta and investigate the underlying sources of inflation differentials with the euro area. A country that registers persistently higher inflation than its main trading partners will suffer from a deterioration in its external price competitiveness, with subsequent losses in output and employment. This is even more relevant in the context of a monetary union, where asymmetric shocks cannot be corrected by changes in monetary or exchange rate policies but rather through structural policies and relative adjustments in prices and wages.

Sprache
Englisch

Erschienen in
Series: CBM Working Papers ; No. WP/05/2013

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Micallef, Brian
Cyrus, Laurent
Ereignis
Veröffentlichung
(wer)
Central Bank of Malta
(wo)
Valletta
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Micallef, Brian
  • Cyrus, Laurent
  • Central Bank of Malta

Entstanden

  • 2013

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