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 analyse the impact of standard and non-standard monetary policy on bank profitability. We use both proprietary and commercial data on individual euro area bank balance-sheets and market prices. Our results show that a monetary policy easing – a decrease in short-term interest rates and/or a...