the fraction of borrowers and to a lesser extent the loan-to-value ratio - generate inflation differentials that are …This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation … differentials can be explained by cross-country differences concerning the characteristics of financial markets. Our results suggest …

central bank puts a higher weight on stabilizing inflation in the country with a higher degree of nominal rigidity continues …-country disparities in the degree of price rigidities on the volatility of inflation are amplified. While the volatility of inflation in … the economy with a higher degree of price rigidity is almost as low as in the model without borrowers, inflation in the …

central bank puts a higher weight on stabilizing inflation in the country with a higher degree of nominal rigidity continues …-country disparities in the degree of price rigidities on the volatility of inflation are amplified. While the volatility of inflation in … the economy with a higher degree of price rigidity is almost as low as in the model without borrowers, inflation in the …

central bank puts a higher weight on stabilizing inflation in the country with a higher degree of nominal rigidity continues …-country disparities in the degree of price rigidities on the volatility of inflation are amplified. While the volatility of inflation in … the economy with a higher degree of price rigidity is almost as low as in the model without borrowers, inflation in the …

central bank puts a higher weight on stabilizing inflation in the country with a higher degree of nominal rigidity continues …-country disparities in the degree of price rigidities on the volatility of inflation are amplified. While the volatility of inflation in … the economy with a higher degree of price rigidity is almost as low as in the model without borrowers, inflation in the …

the fraction of borrowers and to a lesser extent the loan-to-value ratio - generate inflation differentials that are …This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation … differentials can be explained by cross-country differences concerning the characteristics of financial markets. Our results suggest …

the fraction of borrowers and to a lesser extent the loan-to-value ratio - generate inflation differentials that are … the EMU. -- monetary union ; inflation ; differentials ; collateral constraints ; cross-country heterogeneity ; household …This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation …