covered include: improved money demand models for the euro area; money-based indicator models for inflation; structural …

This paper proposes methods for estimation and inference in multivariate, multi-quantile models. The theory can …

We use inflation and income growth expectations from the ECB Consumer Expectations Survey to measure the subjective … expected pass-through of inflation to income in the main euro area countries. By aggregating consumers' responses to … methodology allows one to examine how the pass-through varies along the probability distribution of expected inflation, which …

This paper investigates the interplay between discretionary fiscal policy and inflation in the euro area, emphasizing … on inflation is non-linear, with debt levels significantly affecting the inflationary outcome of fiscal measures. High … debt levels tend to amplify the inflation response to fiscal expansions, a finding that holds under multiple analytical …

This paper analyses the predictive power of market-based and survey-based inflation expectations for actual inflation …. We use the data on inflation swaps and the forecasts from the Survey of Professional Forecasters for the euro area and … power for inflation developments, as compared to statistical benchmark models. Therefore, for horizons of one and two years …

Equilibrium correction models of the price level are often used to model inflation. Such models assume that the long …