Destefanis, Sergio; Fragetta, Matteo; Gasteiger, Emanuel - 2019
This paper examines whether Euro Area countries would have faced a more favorable inflation output variability tradeoff … Sovereign Debt Crisis. For the Euro Area as a whole, the deterioration of the tradeoff becomes insignificant with Draghi … more severe and long-lasting for peripheral countries, pointing to structural differences among Euro Area countries as a …