This paper studies the nature, evolution, and sources of inflation heterogeneity across households in France and … Germany. Inflation differences are large and persistent. The two main sources of inflation heterogeneity are spatial …. Income heterogeneity by itself is not a relevant determinant of inflation heterogeneity, but due to its correlation with …

This paper studies the effect of monetary policy on inflation along the income distribution in several euro area …. On the one hand, different consumption shares imply that inflation by high-income households responds less to monetary … its reaction to monetary policy, which imply that inflation by high-income households responds more to monetary policy. …

find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …

We propose a new measure of underlying inflation that informs, in real time, about asymmetric risks on the outlook of … and has several additional advantages. First, it is able to swiftly infer abrupt changes in underlying inflation. Second …, it helps to timely track turning points in underlying inflation. Third, the proposed indicator also has a satisfactory …

(Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for …-level inflation rates differ for only half of the chains. The results highlight the importance of the history-dependent evolution of … distribution networks and of the structure of the sales organization as a driver of price and inflation heterogeneity. …