Leading inflation indicators for Greece

Gibson, Heather D.; Λαζαρέτου, Σοφία

doi:10.1016/s0264-9993(00)00043-2

Cited by 11 publications

(8 citation statements)

References 10 publications

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“…In an earlier paper, Gibson and Lazaretou (2001), looking at Greek monthly data over the period 1958-1998, find that money (M0) growth leads CPI inflation at turning points by about 4 months. In this section, we distinguish between a change in monetary stance (systematic monetary policy action) and a monetary policy shock (non-systematic) and we try to determine whether and how much the response of inflation (i.e.…”

Section: Delayed Inflation Response and Monetary Policy Regime Switchesmentioning

confidence: 99%

Inflation persistence during periods of structural change: an assessment using Greek data

Hondroyiannis

Λαζαρέτου²

2007

Empirica

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in C O N T E N T S Abstract 4Non-technical summary 5

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Section: Delayed Inflation Response and Monetary Policy Regime Switchesmentioning

confidence: 99%

Inflation persistence during periods of structural change: an assessment using Greek data

Hondroyiannis

Λαζαρέτου²

2007

Empirica

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“…For an empirical investigation of the relation between fiscal deficits and inflation, see Demopoulos and Kapopoulos (2000) and Hondroyiannis and Papapetrou (1997). Gibson and Lazaretou (2001) offer an analysis of the cyclical behaviour of Greek inflation, while Hall and Zonzilos (2001) examine the determinants of wage and price inflation in Greece. Finally, for a model-free assessment of the time profile of inflation persistence for the Greek economy, see Hondroyiannis and Lazaretou (2004).…”

Section: Stagnation and The Policy Of Sliding Drachmamentioning

confidence: 99%

Greek Monetary Economics in Retrospect: The Adventures of the Drachma

Λαζαρέτου¹

2005

Economic Notes

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This paper enumerates the adventures of the drachma step by step, dividing its story into seven parts. Specifically, its main purpose is to present some historical perspective on the behaviour of the monetary and fiscal policies pursued in Greece during the period from the early 1830s until the introduction of the euro. For Greece, the lessons of historical experience are very important. Since the formation of the modern Greek state, government officials have striven – sometimes making hard efforts – to keep abreast of international monetary developments. This was because they understood that the participation of a peripheral, poor and inflation‐prone country with a weak currency and an underdeveloped money market, like Greece of the time, in a monetary club of powerful economies could improve her international credit standing and imply important benefits in terms of exchange rate and monetary stability, and long‐term foreign borrowing.

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“…Having studied the serial correlation properties of Greek inflation, we are now interested in identifying whether inflation responds with a delay to monetary policy moves and whether this observed delay is dependent on changes in the monetary policy regime. In an earlier paper, Gibson and Lazaretou (2001), looking at Greek monthly data over the period 1958-1998, find that money (M0) growth leads CPI inflation at turning points by about 4 months. In this section, we distinguish between a change in monetary stance (systematic monetary policy action) and a monetary policy shock (non-systematic) and we try to determine whether and how much the response of inflation (i.e.…”

Section: Delayed Inflation Response and Monetary Policy Regime Switchesmentioning

confidence: 99%

Inflation Persistence During Periods of Structural Change: An Assessment Using Greek Data

Hondroyiannis¹,

Λαζαρέτου²

2004

SSRN Journal

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Leading inflation indicators for Greece

Cited by 11 publications

References 10 publications

Inflation persistence during periods of structural change: an assessment using Greek data

Inflation persistence during periods of structural change: an assessment using Greek data

Greek Monetary Economics in Retrospect: The Adventures of the Drachma

Inflation Persistence During Periods of Structural Change: An Assessment Using Greek Data

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