scholarly journals The Link between Labor Cost and Price Inflation in the Euro Area

2019 ◽  
Author(s):  
Elena Bobeica ◽  
Matteo Ciccarelli ◽  
Isabel Vansteenkiste
Keyword(s):  
Euro Area ◽  
Labor Cost ◽  
Price Inflation

scholarly journals The Changing Link between Labor Cost and Price Inflation in the United States

2021 ◽  
Author(s):  
Elena Bobeica ◽  
Matteo Ciccarelli ◽  
Isabel Vansteenkiste
Keyword(s):  
United States ◽  
The United States ◽  
Labor Cost ◽  
Price Inflation

scholarly journals The Impact of Oil Price Changes on Spanish and Euro Area Consumer Price Inflation

2009 ◽  
Author(s):  
Luis J. Álvarez ◽  
Samuel Hurtado ◽  
Isabel Sanchez ◽  
Carlos Thomas
Keyword(s):  
Euro Area ◽  
Oil Price ◽  
Price Inflation ◽  
Price Changes ◽  
The Impact

scholarly journals The impact of oil price changes on Spanish and euro area consumer price inflation

2011 ◽  
Vol 28 (1-2) ◽  
pp. 422-431 ◽  
Author(s):  
Luis J. Álvarez ◽  
Samuel Hurtado ◽  
Isabel Sánchez ◽  
Carlos Thomas
Keyword(s):  
Euro Area ◽  
Oil Price ◽  
Price Inflation ◽  
Price Changes ◽  
The Impact

Do food commodity prices have asymmetric effects on euro-area inflation?

2014 ◽  
Vol 18 (4) ◽  
Author(s):  
Mario Porqueddu ◽  
Fabrizio Venditti
Keyword(s):  
Empirical Analysis ◽  
Euro Area ◽  
Structural Model ◽  
Linear Models ◽  
Commodity Prices ◽  
Commodity Price ◽  
Food Prices ◽  
Impulse Response Functions ◽  
Price Inflation ◽  
The Empirical Analysis

AbstractThis paper analyzes the relationship between commodity prices and consumer food prices in the euro area and in its largest countries (Germany, France and Italy) and tests whether the latter respond asymmetrically to shocks to the former. The issue is of particular interest for those monetary authorities that target headline consumer price inflation, which has been heavily influenced by pronounced swings in international commodity prices in the past decade. The empirical analysis is based on two distinct but complementary approaches. We first use a structural model, identify a shock to commodity prices and check through formal econometric tests whether the Impulse Response Functions of food consumer prices is invariant to the sign of the commodity price shock. Next, we employ predictive regressions and examine the relative forecasting ability of linear models with respect to that of models that allow for sign-dependent nonlinearities. Overall, the empirical analysis uncovers very little evidence of asymmetries.

To converge or not converge: unit labor cost inflation in the Euro area

2011 ◽  
Vol 44 (2) ◽  
pp. 455-467 ◽  
Author(s):  
Helmut Herwartz ◽  
Florian Siedenburg
Keyword(s):  
Euro Area ◽  
Labor Cost ◽  
Unit Labor Cost

The world economy

1999 ◽  
Vol 167 ◽  
pp. 3-3
Keyword(s):  
Interest Rates ◽  
Euro Area ◽  
Japanese Economy ◽  
List Type ◽  
Price Inflation ◽  
Slowing Down ◽  
Us Economy ◽  
Point Reduction ◽  
The Us ◽  
Downward Spiral

•The prospects for the US economy in 1999 appear brighter than they did last October, but remain heavily dependent on the health of the stock market.•The Japanese economy is now expected to decline in 1999 by a further half a per cent following the 3 per cent fall in 1998.•There is a risk that Japan may enter a prolonged downward spiral without a prompt initiative to expand the money supply much more aggressively.•The Euro Area is slowing down to growth of little more than 2 per cent in 1999.•With consumer price inflation of only 1 per cent in the euro area, there is scope for a further half a percentage point cut in euro interest rates; we anticipate a quarter point reduction this spring.

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