movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

The start of the European Economic and Monetary Union (EMU) has spurred a new interest in the debate on the effects of … attempts to gauge any effect with a few years of EMU data. This paper takes instead a more general perspective - it …

inflation and macroeconomic imbalances, close economic and financial linkages with the euro area, as well as the perspective of …

inflation and macroeconomic imbalances, close economic and financial linkages with the euro area, as well as the perspective of …