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 … parameters 15
5.3 Inflation persistence 15
5.4 The slope of the Phillips curve 16
5.5 Output persistence and international …