We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has … options on the euro area harmonized index of consumer prices provides us with the full distribution of inflation expectations … uncertainty reveals market participants concerns about possible extreme inflation or deflation outcomes in the future. …

Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet …

We assess the macroeconomic effects of the Eurosystem's asset purchases on the four largest euro area economies using … identification assumptions mainly on euro area aggregate financial variables and on country averages of output and price responses …