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
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Objekttyp
- Arbeitspapier
Beteiligte
- Micallef, Brian
- Cyrus, Laurent
- Central Bank of Malta
Entstanden
- 2013