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The relevance of supply shocks for inflation: the spanish case

Opened Access The relevance of supply shocks for inflation: the spanish case

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Autor: Caraballo, M. Ángeles
Usabiaga Ibáñez, Carlos
Departamento: Universidad de Sevilla. Departamento de Economía e Historia Económica
Fecha: 2009
Publicado en: Applied Economics, 41 (6), 753-764.
Tipo de documento: Artículo
Resumen: ´The methodology applied in this article to the Spanish economy is based on Ball and Mankiw (1995). These authors assume that a good proxy for supply shocks is the third moment of the price changes distribution. The main data used are the monthly consumer price indexes of each region, disaggregated in 57 categories, for the 1993–2005 period. We estimate the relation between mean inflation and the higher moments of the distribution, including several control variables. Our results point out that Spanish regions show a common pattern with regard to nominal rigidities, and that Spanish inflation is vulnerable to supply shocks
Cita: Caraballo, M.Á. y Usabiaga Ibáñez, C. (2009). The relevance of supply shocks for inflation: the spanish case. Applied Economics, 41 (6), 753-764.
Tamaño: 221.4Kb
Formato: PDF

URI: https://hdl.handle.net/11441/72035

DOI: 10.1080/00036840601007443

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