mechanical influence on CPI inflation and wage dynamics through the indexation schemes. We also illustrate that any fine …-tuning strategy which tries to counteract the direct effects of oil-price changes in headline inflation would prove counterproductive … both in terms to stabilization of underlying inflation and by causing unnecessary volatility in the macroeconomic landscape …

ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in …

This paper presents evidence on the lag between monetary policy actions and the response of inflation in the euro area … monetary policy regime thereafter. Results based on alternative definitions of inflation persistence support these findings …, although, they suggest that at the country level, a drop in German inflation persistence and a sizeable shift in the mean of …

other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our fair … inflation outcomes …

ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in …