Households across Europe are struggling with a double crisis-the worst inflation shock since the World War II and a … on 20 countries in Europe over the period 1980-2023, we analyze the dynamic relationship between inflation …

money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating …

Intro -- Contents -- I. INTRODUCTION -- II. TAXONOMY OF UNDERLYING INFLATION INDICATORS -- III. FEATURES OF THE …

What is the effect of carbon pricing on inflation? This paper shows empirically that the consequences of the European … Union's Emission Trading System (ETS) and national carbon taxation on inflation have been limited in the euro area, so far … EU's 'Fit-for-55' commitments on inflation. The required increase of effective carbon prices from around 40 Euro per ton …

inflation. Through a novel consumption deflator decomposition, we show that import prices account for 40 percent of the average … convergence of inflation to target over the next two years. Monetary policy will thus need to remain restrictive to anchor …

In 2021-22, inflation in Europe soared to multidecade highs, consistently exceeding policymakers' forecasts and … surprising with its wide cross-country dispersion. This paper analyzes the key drivers of the inflation surge in Europe and its …'s economies. Inflation is more sensitive to domestic slack and external price pressures in emerging European economies compared to …

increasingly integrated into the euro-zone area and that has a strong macroeconomic track record. We illustrate that neither the …