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Die Mindestinflationsrate für die Euro-Länder

Author

Listed:
  • Hans-Werner Sinn
  • Michael Reutter

Abstract

Aufgrund des Balassa-Samuelson-Effektes werden die Länder im Euro-Gebiet in Zukunft sehr verschiedene Inflationsraten aufweisen. Wie auch immer das Inflationsziel der Europäischen Zentralbank aussieht, es wird Länder mit Inflationsraten unter und über diesem Ziel geben. Nach unseren Berechnungen wird Deutschland das Land mit der niedrigsten Inflationsrate sein, etwa 1% unterhalb der Euro-Inflationsrate. Hält die EZB an ihrem Inflationsziel von 2% fest, dann bedeutet dies eine Inflationsrate von 1% in Deutschland, unterhalb des bisherigen Zieles der Bundesbank. Es wird vermutet, dass die Kosten dieser Politik für Deutschland höher sind als die möglichen Vorteile für Hochinflationsländer wie Irland, Finnland oder Spanien. Die EZB sollte folglich ihr Inflationsziel um einen halben Prozentpunkt erhöhen.

Suggested Citation

  • Hans-Werner Sinn & Michael Reutter, 2000. "Die Mindestinflationsrate für die Euro-Länder," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 53(36), pages 23-26, January.
  • Handle: RePEc:ces:ifosdt:v:53:y:2000:i:36:p:23-26
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    More about this item

    Keywords

    Europäische Wirtschafts- und Währungsunion; Inflationsrate; Produktivität;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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