Thams, Andreas - Volkswirtschaftliche Fakultät, … - 2007
This paper analyzes the transmission of inflation across the five largest economies in the European Monetary Union, i ….e. France, Germany, Italy, Netherlands and Spain. We use monthly CPI inflation rates for the period 1970-2006. Given the long … changes in inflation dynamics in these countries using univariate Markov-switching models. To assess the inflation …