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Inflation linkages within the Eurozone: core vs. periphery

Yes / 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.
Date2018 June 1916
CreatorsMagkonis, Georgios, Sharma, Abhijit
Source SetsBradford Scholars
Detected LanguageEnglish
TypeArticle, Accepted manuscript
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 This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.

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