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Relevant economic issues concerning the optimal rate of inflation

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  • Rodriguez-Palenzuela, Diego
  • Camba-Méndez, Gonzalo
  • García, Juan Angel
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    Abstract

    JEL Classification: D60, E31, E41, E61, H21

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    Bibliographic Info

    Paper provided by European Central Bank in its series Working Paper Series with number 0278.

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    Date of creation: Sep 2003
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    Handle: RePEc:ecb:ecbwps:20030278

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    Keywords: deflation; downward nominal rigidities; inflation costs and benefits; inflation differentials; price stability;

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    References

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    Cited by:
    1. Dickens, William T. & Götte, Lorenz & Groshen, Erica L. & Holden, Steinar & Messina, Julián & Schweitzer, Mark E. & Turunen, Jarkko & Ward-Warmedinger, Melanie E., 2006. "How Wages Change: Micro Evidence from the International Wage Flexibility Project," IZA Discussion Papers 2487, Institute for the Study of Labor (IZA).
    2. Du Caju, Philip & Fuss, Catherine & Wintr, Ladislav, 2007. "Downward wage rigidity for different workers and firms: an evaluation for Belgium using the IWFP procedure," Working Paper Series 0840, European Central Bank.
    3. Felix Hammermann & Mark Flanagan, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," Kiel Working Papers 1373, Kiel Institute for the World Economy.
    4. Steinar Holden, 2004. "Wage formation under low inflation," Working Paper 2004/14, Norges Bank.
    5. Christoph Knoppik & Thomas Beissinger, 2009. "Downward nominal wage rigidity in Europe: an analysis of European micro data from the ECHP 1994–2001," Empirical Economics, Springer, vol. 36(2), pages 321-338, May.
    6. Pavel Gertler & Matúš Senaj, 2010. "Downward Wage Rigidities in Slovakia," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 4(1), pages 079-101, March.
    7. Fagan, Gabriel & Messina, Julián, 2009. "Downward wage rigidity and optimal steady-state inflation," Working Paper Series 1048, European Central Bank.
    8. Jesús Crespo Cuaresma & Maria Antoinette Silgoner, 2004. "Groth effects of inflation in Europe: How low is too low, how high is too high?," Vienna Economics Papers 0411, University of Vienna, Department of Economics.
    9. Knoppik, Christoph, 2007. "The kernel-location approach: A new non-parametric approach to the analysis of downward nominal wage rigidity in micro data," Economics Letters, Elsevier, vol. 97(3), pages 253-259, December.
    10. Ascari, Guido & Rankin, Neil, 2004. "Perpetual youth and endogenous labour supply: a problem and a possible solution," Working Paper Series 0346, European Central Bank.
    11. Steinar Holden & Fredrik Wulfsberg, 2007. "How strong is the case for downward real wage rigidity?," Working Papers 07-6, Federal Reserve Bank of Boston.

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