Did the introduction of the Euro have an impact on inflation uncertainty?

• Verfasst von: Hartmann, Matthias [VerfasserIn]
• Verfasst von: Herwartz, Helmut [VerfasserIn]
• Titel: Did the introduction of the Euro have an impact on inflation uncertainty?
• Titelzusatz: an empirical assessment
• Verf.angabe: Matthias Hartmann (Ruprecht-Karls- University Heidelberg), Helmut Herwartz (Georg-August -University Goettingen)
• E-Jahr: 2014
• Jahr: [2014]
• Umfang: 13 S.
• Illustrationen: Diagramme
• Fussnoten: Gesehen am 04.09.2020
• Titel Quelle: Enthalten in: Macroeconomic dynamics
• Ort Quelle: Cambridge : Cambridge Univ. Press, 1997
• Jahr Quelle: 2014
• Band/Heft Quelle: 18(2014), 6, Seite 1313-1325
• ISSN Quelle: 1469-8056
• DOI: doi:10.1017/S1365100512000971
• Datenträger: Online-Ressource
• Sprache: eng
• Sach-SW: Euro Introduction
• Sach-SW: Inflation Uncertainty
• Sach-SW: Monetary Policy Regimes
• Sach-SW: Uncertainty Measurement
• K10plus-PPN: 172886318X

Abstract

We compare inflation uncertainty in distinguished groups of economies. Results indicate that during the recent financial crisis the global inflation climate has become markedly more uncertain than previously. We document that in comparison to other economies, member states of the European Monetary Union are less exposed to inflation uncertainty. Three European Union members that are not part of the monetary union and five other OECD member economies serve as control groups. With regard to the quantification of inflation uncertainty, results are robust over a set of alternative estimates of the latent inflation risk processes.