component explains much less of the variation in sectoral regional inflation rates and exhibits much less volatility than … and Sectoral Inflation ; Common Factor Models …

Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is … misleading indicator for monetary policy in the euro area. We furthermore compare our core inflation measure to the wide … coincident indicator of HICP inflation. Assessing the robustness of our core inflation measure we carefully conclude that it …

Inflation differentials in the euro area have been persistent since the adoption of the single currency. This paper … analyzes the impact of product and labor market regulation on inflation in a sample of 11 countries. The results show that …, after the adoption of the euro, product market deregulation has a relevant and significant effect on the level of inflation …

alternative monetary policy strategies. We start with the relationship between output and inflation and investigate the fit of the … reject the nominal contracting model in favor of the relative contracting model which induces more inflation persistence, we … in countries which transitioned out of a high inflation regime such as France and Italy. We close the model by estimating …

is derived from policy-makers' preferences about inflation outcomes, we first show that downside risks to price stability … future inflation can provide insurance against the materialisation of such upside risks. …

near-term economic outlook, characterised by persistently low nominal interest rates and inflation, and in a lasting low …