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 …

We present a mixed-frequency model for daily forecasts of euro area inflation. The model combines a monthly index of … core inflation with daily data from financial markets; estimates are carried out with the MIDAS regression approach. The … on euro area inflation. We find that the inclusion of daily variables helps to reduce forecast errors with respect to …

A prolonged period of low inflation, particularly in a situation of monetary policy rates near the zero lower bound …, can heighten the risk of inflation expectations de-anchoring from the central bank objective. The purpose of this paper is …/realized inflation and output. To do so we consider a simple New Keynesian model where agents, rather than being endowed with rational …

This paper proposes an index of core inflation for the euro area which exploits information from a large panel of time … component of national inflation and disregarding the idiosyncratic one, we clean inflation from measurement error, discrepancies …