type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">The euro and prices
DID EMU AFFECT PRICE SETTING AND INFLATION PERSISTENCE?</title> <p> Surprisingly not; or at least not directly. Using data on individual consumer prices and on sectoral inflation rates from six euro area countries spanning several years before and...</p>

We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind: has it changed after – and because of – economic and monetary union (EMU) and, if so, is it becoming homogeneous across countries? Given the data limitations, we concentrate...