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.
|Journal||Scottish Journal of Political Economy|
|Early online date||16 Jun 2018|
|Publication status||Early online - 16 Jun 2018|
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Magkonis, G. (Creator), University of Portsmouth, 11 Jul 2018