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 … prices, and, consequently, to larger increases in inflation rates. Across Europe, inflation also appears to have become …

The pass-through effects of oil price shocks on wage and consumer price inflation vary with the states or structural … characteristics of an economy. The effects have declined over time in Europe and been higher in emerging European economies than in … advanced economies. The pass-through to wages is found to have been higher when the prevailing level of inflation was higher or …

identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures … of banking distress in Europe. We identify a set of indicators and thresholds that can help to distinguish sou …

(LGDs) on unemployment rates, house price growth, interest rates, and other drivers. A structural micro-macro simulation …

temperature and more frequent and extreme natural disasters-already substantial in Europe-are expected to increase further unless … suitable adaptation strategies are implemented. This paper shows that while Europe's overall vulnerability to climate risks is … lower than other regions', the countries in Central and Eastern Europe face greater human and economic costs from climate …

Three years after the COVID-19 crisis, employment and total hours worked in Europe fully recovered, but average hours …

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 … first quarter of 2023 in Europe could dampen consumer spending by about -0.51 percentage points in real terms on a …