On the revelance and nature of regional inflation differentials: The case of Spain
AbstractThis paper studies two aspects of the behaviour of provincial relative prices in Spain: the relevance and the nature of provincial inflation divergences and relative price shifts. Inflation differentials are found to be small (the range is less than half point per year in the long-run), but deviations of relative prices from equilibrium can be very persistent.
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Bibliographic InfoPaper provided by FEDEA in its series Studies on the Spanish Economy with number 35.
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- Enrique Alberola & José M. Marqués, 1999. "On the Relevance and Nature of Regional Inflation Differentials: the Case of Spain," Banco de Espaï¿½a Working Papers 9913, Banco de Espa�a.
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
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