results demonstrate that, during the last year, inflation in the Euro area is more affected from energy price shocks … and inflation dynamics in Europe. Specifically, we include in our specification two separate energy markets (oil and … natural gas) and two target macroeconomic variables, measuring inflation expectations and the realized headline inflation. Our …

use of measures of underlying inflation to formulate monetary policy and assist in forecasting observed inflation. Recent … measures of underlying inflation built from more traditional methods. The power to forecast headline inflation over horizons of … 12 to 18 months is adopted as a valid criterion to assess forecasting. Empirical results for the five largest euro area …

Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period … 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices … of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price …

Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period … 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices … of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price …

Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period … 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3%of prices … of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price …

Using CPI micro data for 11 euro area countries, covering 60% of the European consumption basket over the period 2010 …-2019, we document new findings on consumer price rigidity in the euro area: (i) on average 12.3% of prices change each month … adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) the differences in price rigidity are rather …

Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period … 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices … change (vs 19.3% in the United States); when we exclude price changes due to sales, this proportion drops to 8.5% in the euro …