On the Relevance and Nature of Regional Inflation Differentials: the Case of Spain

Enrique Alberola and Jose Manuel Marqués Sevillano (manuel-m@bde.es)

Working Papers from Banco de España

Abstract: This paper studies two aspects of the behaviour of provincial relative prices in Spain: the relevance and the nature of provincial inflation divergences and relative price shifts. Inflation differentials are found to be small (the range is less than half point per year in the long-run), but deviations of relative prices from equilibrium can be very persistent.

Keywords: PRICES; INFLATION; SPAIN (search for similar items in EconPapers)
JEL-codes: E31 O52 (search for similar items in EconPapers)
Pages: 41 pages
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... o/99/Fic/dt9913e.pdf First version, 1999 (application/pdf)

Related works:
Working Paper: On the revelance and nature of regional inflation differentials: The case of Spain
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:9913

Access Statistics for this paper

More papers in Working Papers from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España (edicionydifusion@bde.es).