Inflation linkages within the Eurozone: core versus periphery

Georgios Magkonis, Abhijit Sharma

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    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
    Publication statusEarly online - 16 Jun 2018


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