WORKING PAPER SERIES
NO. 388 / SEPTEMBER 2004
EURO AREA
INFLATION
DIFFERENTIALS
by Ignazio Angeloni
and Michael … / SEPTEMBER 2004
EURO AREA
INFLATION
DIFFERENTIALS
1
by Ignazio Angeloni
2
and Michael Ehrmann
3
1 We are grateful to seminar … build a stylised 12-country model of the euro area and use it to analyse why
differences in national inflation and growth …