indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …

The information content of broad money M3 for future GDP inflation in the euro area is investigated from a number of … real M3 holdings, real GDP, inflation and short- and long-term interest rates. Secondly, this empirical framework is … predictive power for future inflation. And thirdly, the P-star type of model developed is compared with an existing rival model …

This paper analyses the determinants of inflation differentials and price levels across the euro area countries …. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical … positions and inflation persistence. The persistence in inflation differentials appears to be partly explained by administered …

adverse contributions of both shocks to HICP inflation and GDP in the first half of the sample than in the second, which …

during upswings. Moreover, there exists an inflation threshold, below which real wage flexibility seems to decrease. Finally …