Demertzis, M.; Haan, L. de - de Nederlandsche Bank - 2002
wage increase all over the Euro area, (ii) an asymmetric wage increase in Germany but not in the other EMU member countries … inflation in the Euro area. We examine how different sources of inflation can affect, first, the Euro area as a whole in … comparison to the US, and second, compare the effects between the various EMU member countries. The shocks examined are (i) a …