Journal article

Optimal inflation weights in the Euro Area

Abstract:: This study investigates the appropriate measure for stabilizing inflation in the Euro Area. We use a model that accounts for both the heterogeneity observed in the degree of price rigidities across regions and sectors, and asymmetry of real disturbances in relative prices. Our work shows that the optimal weights to assign to each region or sector result from complex interactions between the degree of price stickiness, economic size and the distribution of shocks within regions.

Publication status:: Accepted

Peer review status:: Peer reviewed

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APA Style

Bragoli, D., & Zanetti, F. (2015). Optimal inflation weights in the Euro Area. International Journal of Central Banking.

MLA Style

Bragoli, D, and F Zanetti. “Optimal Inflation Weights in the Euro Area.” International Journal of Central Banking, 2015.

Chicago Style

Bragoli, D, and F Zanetti. 2015. “Optimal Inflation Weights in the Euro Area.” International Journal of Central Banking.
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Authors

+ Bragoli, D More by this author

Department:: Università Cattolica
Role:: Author

+ Zanetti, F More by this author

Institution:: University of Oxford
Division:: SSD
Department:: Economics
Role:: Author

Contributors

Department:: Bank of Italy

Publisher:: Association of the International Journal of Central Banking
Journal:: International Journal of Central Banking More from this journal
Acceptance date:: 2015-06-22
ISSN:: 1815-4654

Language:: English
Keywords:: asymmetric price stickiness

Euro Area regions

optimal monetary policy

asymmetric shocks
UUID:: uuid:920f7c9b-0718-4c99-b658-1e56304060cd
Deposit date:: 2015-08-31
ARK identifier:: ark:/29072/ora_920f7c9b07184c99b6581e56304060cd

Terms of use

Copyright holder:: Association of the International Journal of Central Banking
Copyright date:: 2015

Licence:: Terms and Conditions of Use for Oxford University Research Archive

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