This paper assesses the anchoring of long-term inflation expectations in the euro area, a key issue from a monetary … that long-term inflation expectations in the euro area have rapidly returned to levels close to the new 2 per cent … policy perspective, using a range of measures of inflation expectations and methods. The overall reading of the evidence is …

We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple … framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …; (ii) this inflation episode resembles an age-dependent tax, with the elderly losing up to 20%, and roughly half of the 25 …

between inflation and real GDP. This study attempts to shed more light on the specific shape of this relationship for the euro …The relationship between inflation and real GDP growth is one of the most widely researched topics in macroeconomics … policy, given the fact that low inflation in combination with high and sustained output growth should be the central …

The purpose of this paper is to examine the inflation differentials and their determinants in the first twelve euro …, show that it is mostly structural and cyclical factors that drive inflation differentials among these euro countries and … explain increase in certain countries' inflation. We conclude by mentioning the potential role that inflation differentials …

account for the remaining 25 percent of the variance of inflation forecast errors. In the euro area, the shocks are balanced … weight of supply shocks in the euro area, the risk of stagflation, i.e. a longer period of high inflation and low output …After a long period of price stability, inflation returned to record levels in many parts of the world economy. This …

This paper provides a comprehensive empirical analysis of the role of discretionary fiscal policy for inflation … differentials across the 19 euro area countries over the period 1999-2019. The results confirm existing (older) literature that it … is difficult to find robust evidence of the fiscal policy stance or impulse impacting directly on inflation differentials …

accounted for more than 60 per cent, on average, of headline inflation in the euro area, either directly or indirectly. The same …This paper focuses on the developments of energy prices since mid-2021 and assesses their impact on euro-area headline … inflation, also considering the indirect transmission through the core and food components. We find that, while the contribution …