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 …

This paper analyses the macroeconomic effects of a protracted period of low and falling inflation rates when monetary … terms (debt-deflation channel). In this scenario, even cost-push shocks that in normal circumstances would reduce inflation …

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 …

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

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 …

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 …

This study investigates inflation perceptions in both qualitative and quantitative terms and their relationship with … Italian consumers carried out at the end of 2006. The results show that reported inflation is, on average, much higher than … measured by official statistics. Inflation perceptions are higher for women, the unemployed and less educated individuals, as …

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. …

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