Identifying Determinants of German Inflation: An Eclectic Approach

Tatiana Fic

No 334, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: The paper applies an equilibrium correction model to discuss impacts of monetary, labour and external factors on the German inflation. The approach presented is of eclectic character and allows for examination which variables representative for various inflation theories matter empirically when analysing inflation processes in Germany. The results obtained suggest that inflation in Germany is determined by adjustment processes on the market of production factors, external shocks embodied in import prices, level of capacity utilisation and monetary policy actions.

Keywords: equilibrium correction model; inflation modelling; Germany (search for similar items in EconPapers)
JEL-codes: C2 C5 E3 (search for similar items in EconPapers)
Pages: 15 p.
Date: 2003
New Economics Papers: this item is included in nep-eec and nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.diw.de/documents/publikationen/73/diw_01.c.40218.de/dp334.pdf (application/pdf)

Related works:
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:diw:diwwpp:dp334

Access Statistics for this paper

More papers in Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().