Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at … other countries, thus implying that the fraction of inflation’s long-run variation explained by long-run money growth has …, being for long periods of time smaller than one. The unitary gain associated with the quantity theory of money appeared in …

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 …