Inflation linkages within the Eurozone: core vs. periphery

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Publication date
2019-05
End of Embargo
2020-06-17
Author
Magkonis, Georgios
Sharma, Abhijit
Keyword
Inflation transmission
Inflation spillovers
Eurozone
Peripheral economies
Rights
© 2018 Scottish Economic Society. This is the peer reviewed version of the following article: Magkonis G and Sharma A (2018) Inflation linkages within the Eurozone: core vs. periphery. Scottish Journal of Political Economy. 66(2): 277-289, which has been published in final form at https://doi.org/10.1111/sjpe.12184. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Peer-Reviewed
Yes

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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.
URI
http://hdl.handle.net/10454/16562
Version
Accepted manuscript
Citation
Magkonis G and Sharma A (2019) Inflation linkages within the Eurozone: core vs. periphery. Scottish Journal of Political Economy. 66(2): 277-289.
Link to publisher’s version
https://doi.org/10.1111/sjpe.12184
Type
Article
Notes
The full-text of this article will be released for public view at the end of the publisher embargo on 17 June 2020.
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