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The link between labor cost and price inflation in the euro area
Bobeica, Elena; Ciccarelli, Matteo; Vansteenkiste, Isabel - 2019
This paper documents, for the first time in a systematic manner, the link between labor cost and price inflation in the euro area. Using country and sector quarterly data over the period 1985Q1-2018Q1 we find a strong link between labor cost and price inflation in the four major economies of the...
Persistent link: https://www.econbiz.de/10011975511
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Understanding low wage growth in the euro area and European countries
Nickel, Christiane (ed.); Bobeica, Elena (ed.);  … - 2019
growth and provides comparable analyses on wage developments in the euro area as a whole and in individual EU countries. The …. These are derived based on a comprehensive real-time forecast evaluation exercise …
Persistent link: https://www.econbiz.de/10012063794
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The role of price and cost competitiveness for intra- and extra-euro area trade of euro area countries
Bobeica, Elena; Christodoulopoulou, Styliani; Tkačevs, … - 2016
Persistent link: https://www.econbiz.de/10011618773
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Missing disinflation and missing inflation : the puzzles that aren't
Bobeica, Elena; Jarociński, Marek - Task Force on Low Inflation (LIFT) - 2017
In the immediate wake of the Great Recession we didn't see the disinflation that most models predicted and, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model that properly accounts for domestic and global factors. Such...
Persistent link: https://www.econbiz.de/10011636259
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Exports and domestic demand pressure : a dynamic panel data model for the euro area countries
Bobeica, Elena; Esteves, Paulo Soares; Rua, António; … - 2015
Persistent link: https://www.econbiz.de/10010516536
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Understanding Low Wage Growth in the Euro Area and European Countries
Nickel, Christiane - 2019
growth and provides comparable analyses on wage developments in the euro area as a whole and in individual EU countries. The …. These are derived based on a comprehensive real-time forecast evaluation exercise …
Persistent link: https://www.econbiz.de/10012863649
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Low Inflation in the Euro Area : Causes and Consequences
Ciccarelli, Matteo - 2017
After 2012, inflation has been unexpectedly low across much of the developed world and economists speak of a “missing inflation” puzzle, namely inflation was expected to be higher on the back of an ongoing recovery. This paper investigates the causes and consequences of low inflation in the...
Persistent link: https://www.econbiz.de/10012963903
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Does the Phillips curve help to forecast euro area inflation?
Bańbura, Marta; Bobeica, Elena - 2020
in a forecaster's toolkit. We base these conclusions on an extensive forecast evaluation over 1994 - 2018, an …
Persistent link: https://www.econbiz.de/10012299084
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Employment and the Conduct of Monetary Policy in the Euro Area
Brand, Claus; Coenen, Günter; Sondermann, David; … - 2021
price stability is shown to provide flexibility to contribute to the achievement of the EU’s full employment objective …
Persistent link: https://www.econbiz.de/10013210706
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Digitalisation : Channels, Impacts and Implications for Monetary Policy in the Euro Area
Consolo, Agostino; Cette, Gilbert; Bergeaud, Antonin; … - 2021
The digitalisation workstream report analyses the degree of digital adoption across the euro area and EU countries and … of digital adoption differs across the euro area/EU, implying heterogeneous impacts, with most EU economies currently …. The pandemic has accelerated the use of teleworking: roughly every third job in the euro area/EU is teleworkable, although …
Persistent link: https://www.econbiz.de/10013210842