the Eurosystem Household Finance and Consumption Survey (HFCS). We also present more evidence on the role of homeownership …

inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

inflation and measures welfare changes using the compensating variation and equivalent incomes in a cross-national comparative … perspective. The impact of inflation depends on good-specific price increases and budget shares. Budget shares for necessities (e … necessities has resulted in higher inflation in poorer countries. Counter to the media narrative, the distributional impact is …