Beck, Günter W.; Hubrich, Kirstin; Marcellino, Massimiliano - European Central Bank - 2006
We investigate co-movements and heterogeneity in inflation dynamics of different regions within and across euro area … Union. We employ a model where regional inflation dynamics are explained by common euro area and country specific factors as … related to the common monetary policy in the euro area and to external developments, in particular exchange rate movements and …