The Harmonized Index of Consumer Prices (HICP) is the primary measure of inflation in the euro area, and plays a … stability as "…a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the euro area of below 2 percent … another that may cause it to systematically overstate the true rate of inflation in the euro area. This paper reviews what …

euro is unlikely to displace the dollar as the dominant international currency in the near term. First, the growth … prospects of the euro area. Second, the uniqueness of EMU. Third, the benefits of incumbency." …

European Central Bank uses to define price stability in the euro area. The estimate is based on a comparison of the rate of …

number of measures of core inflation constructed using euro area data. In addition to the traditional exclusion-type core … Union. We document significant excess kurtosis in the cross-section distribution of price changes in the euro area, and show …