Inflation differentials in the Euro area: did the ECB care?

References

• Altavilla , C and Landolfo , L . 2005 . Do central banks react asymmetrically? Empirical evidence from the ECB and the Bank of England . Applied Economics , 37 : 509 – 17 .
   Google Scholar
• Altissimo , F , Benigno , P and Palenzuela , DR . 2005 . Long-run determinants of inflation differentials in a monetary union CEPR Discussion Paper No. 5149, London
   Google Scholar
• Angeloni , I and Ehrmann , M . 2004 . Euro area inflation differentials ECB Working Paper No. 388, Frankfurt
   Google Scholar
• Angeloni , I , Aucremanne , L , Ehrmann , M , Galí , J , Levin , A and Smets , F . 2004 . Inflation persistence in the euro area: preliminary summary of findings Paper presented at the conference “Inflation persistence in the euro area”, Frankfurt, 10—11, December 2004
   Google Scholar
• Balassa , B . 1964 . The purchasing power parity doctrine: a reappraisal . The Journal of Political Economy , 72 : 584 – 96 .
   Web of Science ®Google Scholar
• Borio , CEV . 1997 . The implementation of monetary policy in industrial countries: a survey BIS Economic Papers No. 47, July 1997
   Google Scholar
• Campa , JM and Gonzalez Minguez , JM . 2006 . Differences in the exchange rate pass-through in the euro area . European Economic Review , 50 : 121 – 45 .
   Web of Science ®Google Scholar
• Clarida , R , Gali , J and Gertler , M . 1998 . Monetary policy rules in practice: some international evidence . European Economic Review , 42 : 1033 – 67 .
   Web of Science ®Google Scholar
• Clausen , V and Hayo , B . 2006 . Asymmetric monetary policy effects in EMU . Applied Economics , 38 : 1123 – 34 .
   Web of Science ®Google Scholar
• Cunningham , A and Haldane , AG . 2002 . “ The monetary transmission mechanism in the United Kingdom: pass-through and policy rules ” . In Monetary Policy: Rules and Transmission Mechanism , Edited by: Loayza , N and Schmidt-Hebbel , K . 331 – 56 . Santiago : Central Bank of Chile .
   Google Scholar
• ECB(2003) . 2003 . Inflation differentials in the euro area: potential causes and policy implications . Frankfurt am Main , September
   Google Scholar
• ECB(2005) . 2005 . Monetary policy and inflation differentials in a heterogeneous currency area, ECB monthly bulletin . May : 61 – 77 .
   Google Scholar
• Fendel , R and Frenkel , M . 2005 . Monetary policy rules and the information content of the term structure of interest rates . Applied Economics Letters , 12 : 933 – 6 .
   Web of Science ®Google Scholar
• Fendel , R and Frenkel , M . 2006 . Five years of European single monetary policy: is the ECB rule-based? . Contemporary Economic Policy , 24 : 106 – 15 .
   Google Scholar
• Fourçans , A and Vranceanu , R . 2004 . The ECB interest rate rule under the Duisenberg presidency . European Journal of Political Economy , 20 : 579 – 95 .
   Google Scholar
• Hayo , B and Hofmann , B . 2006 . Monetary policy reaction functions: ECB versus Bundesbank . Empirical Economics , 31 : 645 – 62 .
   Google Scholar
• Hofmann , B and Remsperger , H . 2005 . Inflation differentials among the euro area countries: potential causes and consequences mimeo, Deutsche Bundesbank
   Google Scholar
• Honohan , P and Lane , P . 2003 . Divergent inflation rates in EMU . Economic Policy , 18 : 358 – 94 .
   Google Scholar
• Huang , H-C and Lin , S-C . 2006 . Time-varying discrete monetary policy functions . Applied Economics , 38 : 449 – 64 .
   Web of Science ®Google Scholar
• Morana , C . 2005 . The Japanese deflation: has it had real effects? Could it have been avoided? . Applied Economics , 37 : 1337 – 52 .
   Web of Science ®Google Scholar
• Rogers , J . 2002 . Monetary union price level convergence, and inflation: how close is Europe to the United States? International Finance Discussion Paper No. 740, Federal Reserve Board, New York
   Google Scholar
• 2001/2002 . Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Lage (2001), Inflationsdifferenzen im Euro-Raum: ein Problem für die Geldpolitik?, Jahresgutachten . : 267 – 77 .
   Google Scholar
• Samuelson , P . 1964 . Theoretical notes on trade problems . Review of Economics and Statistics , 46 : 245 – 54 .
   Google Scholar
• Taylor , JB . 1993 . Discretion versus policy rules in practice . Carnegie-Rochester Conference Series on Public Policy , 39 : 195 – 214 .
   Google Scholar