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

Generalized Dynamic Factor Model to derive a set of core inflation indicators that, combining national with area-wide data, allow …-wide inflation once the information contained in area-wide data has been exploited, and whether it is useful, in order to track ECB …

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 …

the volatility of the output gap. Finally, the estimated weights for the objectives of monetary policy show that …