In the past decade changes in oil prices have played a significant role in shaping inflation dynamics in the US and in …

issue is of particular interest for those monetary authorities that target headline consumer price inflation, which has been … on two distinct but complementary approaches. First, we employ a structural model to identify a shock to commodity prices … the sign of the commodity price shock. Next, we employ predictive regressions and examine the relative forecasting ability …

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 …

transmission channels by which the purchases can be expected to affect economic activity and inflation. Then we assess the effects …

The paper analyzes the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …

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