TY - JOUR A1 - Hübner, Malte, A1 - Klemm, Marcus, T1 - Preferences over inflation and unemployment in Europe - A north–south divide? JF - International Review of Economics N2 - We use data on individual life satisfaction to estimate the costs associated with inflation and unemployment for 15 European countries, starting in the 1970s. This allows us to calculate country-specific inflation aversion relative to unemployment aversion. We find a considerable heterogeneity across European countries. There is no or only a small degree of relative inflation aversion for those countries that were characterized by above-average inflation rates in the decade preceding the current crisis in the euro area. Among the countries with a higher relative inflation aversion, the results correspond less clearly with historical inflation patterns. Y1 - 2015 U6 - https://doi.org/10.1007/s12232-015-0235-y VL - 62 SP - 319 EP - 335 PB - Springer Nature ER -