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Disinflation in Spain

Disinflation in Spain »

Source: Disinflation in Spain : The Recent Experience

Volume/Issue: 1998/106

Series: IMF Working Papers

Author(s): Nicolas Sobczak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

ISBN: 9781451852868

Keywords: inflation, relative price, fall in inflation, monetary policy, real wages

This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemplo...

Disinflation in Spain
			: The Recent Experience

Disinflation in Spain : The Recent Experience »

Volume/Issue: 1998/106

Series: IMF Working Papers

Author(s): Nicolas Sobczak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

DOI: http://dx.doi.org/10.5089/9781451852868.001

ISBN: 9781451852868

Keywords: inflation, relative price, fall in inflation, monetary policy, real wages

This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemplo...