supply disturbances, the stabilisation costs of renouncing monetary autonomy diminish with a flatter output-inflation …

inflation in the enlarged euro area, but only to inflation redistribution across countries if continuity of the monetary policy … framework is preserved. In the short term, unanticipated shocks to the real exchange rate may instead affect aggregate inflation … if member countries' economic structure differs. When comparing welfare, inflation and output stabilisation, we find that …

of setting inflation at the desired level may be offset by a positive impact on potential output. We show that for entry …

supply disturbances, the stabilisation costs of renouncing monetary autonomy diminish with a flatter output-inflation …

weight is placed by the policy maker on output stabilisation. Only when inflation becomes the only policy objective and …

producer currency invoicing by eurozone countries is primarily caused by a drop in inflation volatility and can only to a small …