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 …

We document that about 33% of the core inflation basket in the euro area is sensitive to monetary policy shocks. We …. Estimations over different samples show that the impact of monetary policy shocks on sensitive core inflation has become larger …

magnitude, proportionally. This paper tests these assumptions for export and import prices in the G7 economies. It focuses on …

This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced …

import prices. Yet, consistent with expenditure-switching effects, a nominal repreciation generally worsens the terms of …

, Netherlands) from three major non-euro area import suppliers (US, Japan, UK). The results show that exporting firms’ price and … innovation decisions in each source country are jointly determined and that total pass-through to euro area import prices is low … determination of pass-through. Finally, euro area import prices are found to be sticky in local currency in the short run. JEL …

” countries. For emerging markets with only one digit inflation (most notably the Asian countries), passthrough to import and … the conventional wisdom that ERPT into both import and consumer prices is always higher in “emerging” than in “developed … evidence for a positive relationship between the degree of the ERPT and inflation, in line with Taylor’s hypothesis once two …

This paper estimates export and import price equations for 41 countries –including 28 emerging market economies … differentiation also play a role; (iii) export and import price elasticities tend to be strongly correlated across countries; (iv …) pass-through to import prices has declined in some advanced economies, noticeably the United States; this is consistent …