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Inflation linkages within the Eurozone: core versus periphery

Research output: Contribution to journal › Article

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


  • Magkonis_2018b

    Rights statement: This is the peer reviewed version of the following article: Magkonis, G. and Sharma, A. (2018), Inflation Linkages Within The Eurozone: Core vs. Periphery. Scott J Polit Econ. . doi:10.1111/sjpe.12184, which has been published in final form at This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.

    Accepted author manuscript (Post-print), 294 KB, PDF document

    Due to publisher’s copyright restrictions, this document is not freely available to download from this website until: 16/06/20

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