Inflation linkages within the Eurozone: core versus periphery

Georgios Magkonis, Abhijit Sharma

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Abstract

We examine the process of inflation transmission among GIIPS countries (Greece, Ireland, Italy, Portugal and Spain) and Germany. Our findings suggest that inflation spillovers have increased since 2001. We also find that peripheral economies are (dis-)inflation transmitters to the core. This finding is significant for policy formulation, given the very low inflation environment that currently exists in the Euro area and the macroeconomic implications that arise from this.
Original languageEnglish
JournalScottish Journal of Political Economy
Early online date16 Jun 2018
DOIs
Publication statusEarly online - 16 Jun 2018

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