Inflation rates in the euro area have reached historic highs due in large part to high energy prices. As the euro area … is a net importer of energy, one refers to this inflation as imported inflation. There is a danger that these high … inflation rates will become entrenched in inflation expectations. This would not only imply that high inflation rates will …

Whereas strong demand is a key factor driving high inflation in the US, inflation in the Euro Area is mainly due to … prevent second-round effects. Long run inflation expectations — as measured by the survey of professional forecasters — still … seem to be well anchored. The ECB's announced tightening intends to dampen rising household's inflation expectations. Given …

extremely high. The ECB therefore finds itself in a difficult dilemma: It must take decisive action against high inflation, but …

eurozone economies along with the impact of the depreciation of the euro as a consequence of the recent ECB's quantitative …