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We explore the connection between inflation and its higher-order moments for three economies in the periphery of the European Union (E.U.), Greece, Portugal and Spain. Motivated by a micro-founded model of inflation determination, along the lines of the hybrid New Keynesian Phillips curve, we...
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An event study analysis is performed on consumer confidence around election times using an effective sample of 84 national elections from 1985 through 2005 in the EU-15 countries. Consumer confidence is measured monthly using identical surveys, which began in 1985 and were gradually adopted by...
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