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- W1555242583 abstract "The objective of this paper is to investigate the behaviour of various CPI components in terms of their spillover behaviour. This is the first study analyzing the causal relationship between CPI components in Greece. The empirical analysis uses data on different components of the Consumer Price Index (CPI) with 1995 as the base year (1995=100). Data covers the period 1981 to 2009. Our results indicated the primary price movements are transmitted from the energy price indices, i.e. the electricity price index, the energy price index and the fuels and gas price index, while a secondary role also comes from the food and vegetables price index along with the services price index. In terms of causality, the evidence indicates that there is a unidirectional transmission of energy prices disturbance to the remaining CPI components, while innovations (shocks) to the remaining CPI components did not have any significant effect on all indices." @default.
- W1555242583 created "2016-06-24" @default.
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- W1555242583 date "2011-01-01" @default.
- W1555242583 modified "2023-09-27" @default.
- W1555242583 title "Characteristics of inflation in Greece: mean spillover effects among CPI components" @default.
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