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

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 …

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 …

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 …

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 …

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 …

the Phillips curve's ability to explain inflation dynamics over a wide variety of circumstances, over the 150 years of the … country's history. In Italy, the relation linking inflation with the cyclical situation in the economy emerged only after …

market. It also allows for timely updating, for prompt assessment of housing input both to the business cycle and to … approach, which apparently results in about a quarter point of additional inflation each year since 2000. …