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New Facts on Consumer Price Rigidity in the Euro Area

Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022

changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …

Persistent link: https://www.econbiz.de/10014082035

A Tale of Two Decades : The Ecb's Monetary Policy at 20

Rostagno, Massimo - 2020

inflation almost universally to the upside; and the second – starting well into the post-Lehman period – characterised by … stability with a hard 2% ceiling, functioned as a key shock-absorber in the relatively high-inflation years prior to the crisis … inflation and economic activity …

Persistent link: https://www.econbiz.de/10012844614

Combining Negative Rates, Forward Guidance and Asset Purchases : Identification and Impacts of the ECB's Unconventional Policies

Rostagno, Massimo; Altavilla, Carlo; Carboni, Giacomo; … - 2021

inflation would have been 1.1 p.p. and 0.75 p.p. lower, respectively, and the unemployment rate 1.1 p.p. higher than they …

Persistent link: https://www.econbiz.de/10013225325

What Drives Euro Area Financial Market Developments? The Role of US Spillovers and Global Risk

Brandt, Lennart; Guilhem, Arthur Saint; Schröder, … - 2021

Financial asset prices contain a rich set of real-time information on the economy. To extract this information, it is crucial to understand the driving factors behind financial market developments. In this paper, we exploit daily cross-asset price movements in a sign-restricted BVAR model to...

Persistent link: https://www.econbiz.de/10013225754