On the Relevance and Nature of Regional Inflation Differentials: the Case of Spain.

This paper studies two aspects of the behaviour of provincial relative prices in Spain: the relevance and the nature of provincial inflation divergences and relative price shifts. Inflation differentials are found to be small (the range is less than half point per year in the long-run), but deviations of relative prices from equilibrium can be very persistent.

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Year of publication:	1999
Authors:	Alberola, Enrique ; Marqués, José M.
Institutions:	Banco de España
Subject:	PRICES \| INFLATION \| SPAIN

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Extent:	application/pdf
Series:	Banco de España Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	41 pages
Classification:	O52 - Europe ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005022283