We analyse the possible impact of EMU enlargement on inflation rates in the accession countries. Using a simple … applied to the enlargement EMU: our findings indicate that (trend) inflation rates in the EMU candidate countries are likely …

Differences in growth, productivity and inflation levels are going to be a prominent feature of the future of EMU, as …

equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …

proposed policy is based on relative inflation forecast targeting and incorporates an ancillary target of declining exchange … volatility to differentials over the euro zone in both inflation (target variable) and interest rate (instrument variable) is … that use direct inflation targeting to guide their monetary policies. The empirical methodology is based on the TARCH …

The "New Keynesian" Phillips Curve (NKPC) states that inflation has a purely forward-looking dynamics. In this paper …, we test whether European and US inflation dynamics can be described by this model. For this purpose, we estimate hybrid … and leads of inflation, in contrast to the prediction of the core model. Second, the fraction of backward-looking price …

simultaneous use of two inflation indexes over the euro area. …