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Inflationsdifferenzen im Euroraum - Eine Bestandsaufnahme

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Author Info
Jochen Michaelis () (Department of Economics, University of Kassel)
Heike Minich () (Department of Economics, University of Kassel)

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Abstract

In einer Währungsunion sind Inflationsdifferenzen zwischen den Mitgliedsländern gleichbedeutend mit Veränderungen des realen Wechselkurses. Dies mag erklären, warum in jüngerer Vergangenheit die Inflationsdifferenzen innerhalb der Europäischen Währungsunion verstärkte Aufmerksamkeit in der akademischen Literatur gefunden haben. Der vorliegende Beitrag unternimmt eine Bestandsaufnahme der diesbezüglichen Diskussion. Nach einer kurzen Darstellung der Fakten wird gezeigt, dass die traditionellen Argumente "Preiskonvergenz" und "Balassa-Samuelson-Effekt" die beobachteten Inflationsunterschiede nicht hinreichend erklären können. Anhand eines neu-keynesianischen Makromodells werden strukturelle Unterschiede in den beteiligten Volkswirtschaften als Ursache für die Inflationsdifferenzen erläutert. Im Einzelnen sind dies länderspezifische Schocks in der Güternachfrage, die asymmetrische Wirkungsweise der Euro/Dollar-Entwicklung und die asymmetrische Wirkungsweise der einheitlichen Geldpolitik.

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Publisher Info
Paper provided by University of Kassel, Institute of Economics in its series Discussion Papers in Economics with number 62/04.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 24 pages
Date of creation: Sep 2004
Date of revision:
Publication status: Published in Aussenwirtschaft, 59. Jg., Heft 4 (2004), S. 379-405.
Handle: RePEc:kas:wpaper:2004-62

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Postal: Nora-Platiel-Str. 4, 34109 Kassel
Phone: +49/561/804-3562
Fax: +49/561/804-3083
Web page: http://www.uni-kassel.de/fb7/
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Related research
Keywords: Europäische Währungsunion; Inflationsdifferenzen; Balassa-Samuelson-Effekt; Neu-keynesianische Makroökonomik;

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Find related papers by JEL classification:
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

References listed on IDEAS
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jochen Michaelis, 2005. "Zur Reform der Leistungsformen der Pflegeversicherung - ein familienökonomischer Ansatz," Discussion Papers in Economics 74/05, University of Kassel, Institute of Economics. [Downloadable!]
  2. Reinhold Kosfeld & Hans-Friedrich Eckey & Jorgen Lauridsen, 2007. "Disparities in Prices and Income Across German NUTS 3 Regions," Discussion Papers in Economics 93/07, University of Kassel, Institute of Economics. [Downloadable!]
    Other versions:
  3. Ullrich, Katrin, 2006. "An impact of country-specific economic developments on ECB decisions," ZEW Discussion Papers 06-49, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  4. Hans-Friedrich Eckey & Reinhold Kosfeld & Matthias Türck, 2006. "Abgrenzung deutscher Arbeitsmarktregionen," Discussion Papers in Economics 81/06, University of Kassel, Institute of Economics. [Downloadable!]
  5. Reinhold Kosfeld & Christian Dreger & Hans-Friedrich Eckey, 2006. "On the Stability of the German Beveridge Curve - A Spatial Econometric Perspective," Discussion Papers in Economics 82/06, University of Kassel, Institute of Economics. [Downloadable!]
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  6. Frank Beckenbach, 2005. "Knowledge Representation and Search Processes - a contribution to the microeconomics of invention and innovation," Discussion Papers in Economics 75/05, University of Kassel, Institute of Economics. [Downloadable!]
  7. Alfred Schüller, 2006. "Freiheit als Prinzip der Geldwertsicherung - Ordnungsökonomische Überlegungen zum Wandel und zu den Perspektiven von Wertsicherungsklauseln in Deutschland und im Euro-Raum," Marburg Working Papers on Economics 200609, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung). [Downloadable!]
  8. Sebastian Dullien & Ulrich Fritsche, 2007. "Does the Dispersion of Unit Labor Cost Dynamics in the EMU Imply Long-run Divergence? Results from a Comparison with the United States of America and Germany," Macroeconomics and Finance Series 200702, Hamburg University, Department Wirtschaft und Politik. [Downloadable!]
    Other versions:
  9. Hans-Friedrich Eckey & Reinhold Kosfeld & Matthias Türck, 2007. "Anmerkung zur Identifikation von Förderregionen in der "Gemeinschaftsaufgabe"," Discussion Papers in Economics 90/07, University of Kassel, Institute of Economics. [Downloadable!]
  10. Hans-Friedrich Eckey & Matthias Türck, 2005. "Deutsche Innovationsregionen," Discussion Papers in Economics 69/05, University of Kassel, Institute of Economics. [Downloadable!]
  11. Michael Brandmeier, 2006. "Reasons for Real Appreciation in Central Europe," cege – Center for European, Governance and Economic Development Research Discussion Papers 55, cege – Center for European, Governance and Economic Development Research, University of Goettingen (Germany).. [Downloadable!]
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