Is the inflation–output Nexus asymmetric in the Euro area?

This paper challenges the assumption that the inflation process within the Euro area is well-described by a linear accelerationist Phillips curve and investigates a nonparametric framework how inflation is sensitive output. An asymmetric output–inflation trade-off is pointed out in the Euro area at...

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Bibliographic Details
Published inEconomics letters Vol. 94; no. 1; pp. 1 - 6
Main Authors Baghli, Mustapha, Cahn, Christophe, Fraisse, Henri
Format Journal Article
LanguageEnglish
Published Elsevier B.V 2007
Elsevier
SeriesEconomics Letters
Subjects
Data analysis
Economic and Monetary Union
Europe
Kernel smoothing
Macroeconomics
Nonlinear Phillips curve
Phillips curve
Price stability
E31
C32
E52
Price stability
C14
Nonlinear Phillips curve
Kernel smoothing
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Summary:This paper challenges the assumption that the inflation process within the Euro area is well-described by a linear accelerationist Phillips curve and investigates a nonparametric framework how inflation is sensitive output. An asymmetric output–inflation trade-off is pointed out in the Euro area at both aggregated and individual country levels.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2006.04.001