Inflation and Output Comovement in the Euro Area PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Inflation and Output Comovement in the Euro Area PDF full book. Access full book title Inflation and Output Comovement in the Euro Area by Michal Andrle. Download full books in PDF and EPUB format.

Inflation and Output Comovement in the Euro Area

Inflation and Output Comovement in the Euro Area PDF Author: Michal Andrle
Publisher: International Monetary Fund
ISBN: 1475531206
Category : Business & Economics
Languages : en
Pages : 26

Get Book Here

Book Description
This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not be apparent at first sight, but is clear at business cycle frequencies. Our results suggest that at business cycle frequency, the output and core inflation comovement is high and stable, and that inflation lags the cycle in output with roughly half of its variance. The strong relationship of output and inflation hints at the importance of demand shocks for the euro area business cycle.