Cavallo, Antonella; Ribba, Antonio - Dipartimento di Economia "Marco Biagi", Università … - 2013
The stability of inflation differentials is an important condition for the smooth working of a currency area, such as … the European Economic and Monetary Union. In the presence of stability, changes in national inflation rates, while holding … Euro-area inflation fixed contemporaneously, should be only transitory. If this is the case, the rate of inflation of the …