Eurozone inflation and output do move in step, says IMF working paper
A new IMF working paper says a relationship between inflation and output in the euro area can be found "at business cycle frequencies", even if it is not apparent at first sight.
In Inflation and Output Comovement in the Euro Area: Love at Second Sight?, Michal Andrle, Jan Bruha, and Serhat Solmaz investigate the co-movement between inflation and output in the euro area from 1995 up to the first quarter 2013. They find the relationship to be "rather strong at business cycle frequency, when a
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