future inflation remain less well understood. Here we exploit a global dataset of monthly consumer price indices to identify … the causal impacts of changes in climate on inflation, and to assess their implications under future warming. Flexibly …, future warming will cause global increases in annual food and headline inflation of 0.92-3.23 and 0.32-1.18 percentage …

This paper studies euro changeover-related inflation using disaggregated price level data. The difference … segments. Changeover-related inflation was higher for products that were relatively cheaper than the euro area average …

This paper analyses the determinants of inflation differentials and price levels across the euro area countries …. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical … positions and inflation persistence. The persistence in inflation differentials appears to be partly explained by administered …

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

1970s' United States would not have prevented the Great Inflation. We show that a standard policy counterfactual suggests … that the Bundesbank – which is near-universally credited for sparing West Germany the Great Inflation – would also not have … been able to prevent the Great Inflation in the United States. The sheer implausibility of this result sounds a cautionary …

applications respectively on macroeconomic series, with a particular focus on different measures of inflation, and on financial … asset returns. Our model outperforms the benchmarks in forecasting the inflation level, its conditional variance and the … volatility of returns. Moreover, we are able to predict all the conditional covariances among the observable series …

Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often … overlooked in the literature. This paper compares inflation volatility among advanced open economies with inflation targeting …, the volatility of inflation was similar among countries, even when controlling for monetary policy activity and other …

. Our analysis improves upon existing work by endogenising the volatility of both output and inflation. Improved … transparency most likely manifests itself in falling output volatility …

variances for all series, and decreases in the variances of inflation and the output gap, without any need of sunspot shocks …

This paper provides a toolkit for extracting accurate information about inflation expectations using inflation …-linked bonds. First, we show how to estimate term structures of zero-coupon real rates and break-even inflation rates (BEIRs) in … the euro area. This improves the analysis of developments in inflation expectations by providing constant maturity …