Correa Lopez, Monica; Garcia Serrador, Agustin; … - BBVA Research, Grupo BBVA - 2010
We analyse the impact of product market competition on the responsiveness of inflation to macroeconomic imbalances. Results based on a 20-country OECD panel estimated for the period 1961-2006 show that if product market competition is high the response of inflation to lagged inflation and...