Arbeitspapier
The Minimum Inflation Rate for Euroland
As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is impossible to find a common monetary policy that will result in price stability in all countries. Based on empirical estimates of the Balassa model, the paper calculates a minimum aggregate inflation rate which is compatible with the requirement that no country face a deflation. This minimum aggeragate inflation rate is 0.94% in the euro-11 countries and 1.13% in an extended Europe which incorporates the east European countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 377
- Klassifikation
-
Wirtschaft
- Thema
-
Inflation target
Balassa-Samuelson effect
ECB
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Reutter, Michael
Sinn, Hans-Werner
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Reutter, Michael
- Sinn, Hans-Werner
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2000
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