unexpected gas price supply shocks on HICP inflation in the euro area and its four largest economies. In comparison to oil price … shocks, gas price shocks have approximately one-third smaller pass-through to headline inflation. Country-specific results … indicate gas price increases matter more for German, Spanish and Italian inflation than for French inflation, hinging on the …

the link between external rebalancing and relative price adjustment. We find that neglect of inputs distorts … price through several opposing channels. (1) Mismeasured imported inputs exaggerate economic openness and understate the … price response to rebalancing. (2) Mismeasured domestic inputs increase cross-sectoral asymmetry in openness, leading to an …

In this paper, we propose a time-varying parameter VAR model with stochastic volatility which allows for estimation on …

Crossing borders, be it international or regional, often go together with price, wage or indeed wealth discontinuities …) differences in real estate price developments, and thus differences in accumulated nominal capital gains are shown to be one main …