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150128 ||| eng |
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|a 9781475538939
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100 |
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|a Andrle, Michal
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245 |
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|a Inflation and Output Comovement in the Euro Area
|b Love at Second Sight?
|c Michal Andrle, Jan Bruha, Serhat Solmaz
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2013
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300 |
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|a 26 pages
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651 |
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4 |
|a United States
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653 |
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|a Business cycles
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653 |
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|a Price indexes
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653 |
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|a Inflation
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653 |
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|a Monetary economics
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653 |
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|a Inflation targeting
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653 |
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|a Deflation
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653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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653 |
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|a Consumer price indexes
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653 |
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|a Price Level
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653 |
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|a Cycles
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653 |
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|a Economic growth
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653 |
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|a Econometric and Statistical Methods: General
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653 |
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|a Prices
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653 |
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|a Macroeconomics
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653 |
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|a Monetary policy
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653 |
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|a Business Fluctuations
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653 |
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|a Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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700 |
1 |
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|a Bruha, Jan
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700 |
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|a Solmaz, Serhat
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
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|a 10.5089/9781475538939.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2013/192/001.2013.issue-192-en.xml?cid=40938-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not be apparent at first sight, but is clear at business cycle frequencies. Our results suggest that at business cycle frequency, the output and core inflation comovement is high and stable, and that inflation lags the cycle in output with roughly half of its variance. The strong relationship of output and inflation hints at the importance of demand shocks for the euro area business cycle
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