FEVE, Patrick; MATHERON, Julien; SAHUC, Guillaume - In: Annales d'Economie et de Statistique (2010) 99-100, pp. 365-394
The present paper investigates the dynamic effects of disinflation shocks for a number of real macroeconomic variables in the euro area. Using structural VARs, we identify disinflation shocks as the only shocks that can exert a long—run effect on inflation as well as other nominal variables...