much sharper rise in inflation than measured by the official price indices, whose quality was called into question. In this … determinants. Since these data do not rely on official inflation statistics, they provide an independent check for the latter. We … official inflation statistics. We do not find evidence in support of this hypothesis. …

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 …

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 …

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

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