wage, unemployment and inflation. This is done by considering a two-stage strategic interaction between a central bank (CB …

?" While Europe has attained and maintained two-digit rates of unemployment, in America there have been created tens of … millions of new jobs. And for the most part this has not been bought at the expense of accelerating price inflation and a short …

promptly identifying turning points in inflation. The focus of this paper is the so-called "cost-of-living" index, the most … used measure of Italian inflation. Our aim is to identify and test a model of its seasonal component, which is important in …

issue is of particular interest for those monetary authorities that target headline consumer price inflation, which has been …

Between 2013 and 2014, following the recession triggered by the sovereign debt crisis, euro-area inflation decreased … sharply. Although a fall in the inflation rate was to be expected, given the severity of the recession, professional … inflation, which was unaccounted for in forecasting models. We probe this explanation in the context of a simple backward …

Since 2013 the inflation rate in the euro area has fallen steadily, reaching all-time lows at the end of 2014. Market …-based measures of inflation expectations (such as inflation swaps) have also declined to extremely low levels, which suggests … increasing concern about the credibility of the ECB in maintaining price stability. Inflation releases have often surprised …

The paper analyzes the short-run impact of periods of strong monetary growth on inflation dynamics for 15 … industrialized economies. We find that when robust money growth is accompanied by large increases in stock and house prices and loose …. In contrast, significant money stock expansions which are not associated with sustained credit increases and strong …

level, after controlling for inflation expectations, and whether it is concentrated among those firms that are more exposed …

The empirical literature on the transmission of monetary policy to inflation in Italy has stressed the importance of … the exchange rate and, to some extent, of the demand channel; recently, the roles of inflation expectations and the fiscal … situation have been emphasized. This paper uses vector auto-regression to address this issue. The results suggest that inflation …