Koedijk, Kees (contributor); Tims, Ben (contributor); … - 2004 - [Elektronische Ressource]
risk has disappeared
within the euro area in 1999, differences in inflation may entail nontrivial real exchange rate
risk … to be due to the fact that Dutch inflation
has been persistently higher than German inflation since 1996, probably … related to the much
lower level of unemployment. Greek and Portuguese inflation have also been considerably
higher than in …