Inflation and output comovement in the Euro area : love at second sight? /

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Bibliographic Details
Author / Creator:Andrle, Michal, author.
Imprint:[Washington, D.C.] : International Monetary Fund, 2013.
Description:1 online resource (27 pages).
Language:English
Series:IMF working paper ; WP/13/192
IMF working paper ; WP/13/192.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12502396
Hidden Bibliographic Details
Other authors / contributors:Brůha, Jan, author.
Solmaz, Serhat, author.
ISBN:9781475531206
1475531206
1616357053
9781616357054
ISSN:2227-8885
Notes:Includes bibliographical references.
Print version record.
Summary: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.
Other form:Print version: Andrle, Michal. Inflation and Output Comovement in the Euro Area: Love at Second Sight? Washington : International Monetary Fund, ©2013 9781475538939
Standard no.:10.5089/9781616357054.001