a special focus on persistence of real wages,wage and price inflation. The analysis is conducted within a structural …, as well as the cointegrating properties of theestimated system. Overall, in the long run, wage and price inflation emerge …

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 …

, consumption, investment and unemployment)has a distinct dynamic from disagreement about nominal variables(inflation and interest … series. Countryby-country regressions for inflation and interest... …

This paper studies factors behind inflation dynamics in the euro area, the UK and the US. It introduces a factor … inflation in the three economies. The FAVAR model framework is also applied to study the effects on inflation subcomponents in … the more recent past. The FAVAR models suggest that headline inflation in the three economies has reacted in a relatively …

This paper studies euro changeover-related inflation using disaggregated price level data. The difference … segments. Changeover-related inflation was higher for products that were relatively cheaper than the euro area average …

consumers and price determination. In addition, these may have implications for the measurement of consumer prices and inflation …

This article measures the degree of potential de-anchoring of inflation expectations in the euro area vis-à-vis the … inflation objective of the European Central Bank (ECB). A no-arbitrage term structure model that allows for a time-varying long …-term mean of inflation expectations, π ∗ t , is applied to inflation-linked swap (ILS) rates, while taking into account survey …