latter being a widely used measure for marginal costs, the estimated pass-through of measured marginal costs into inflation …

This paper adopts the Impulse-Response methodology to understand inflation persistence. It has often been argued that …, we find that allowing for a distribution of contract lengths can yield a more plausible explanation of inflation …

This paper asks whether a textbook Phillips curve can explain the behavior of core inflation in the euro area. A … critical feature of the analysis is that we measure core inflation with the weighted median of industry inflation rates, which … is less volatile than the common measure of inflation excluding food and energy prices. We find that fluctuations in core …

the factors studied here. Demand-side shocks hamper monetary union stabilisation unless members face identical output-inflation …

mechanical influence on CPI inflation and wage dynamics through the indexation schemes. We also illustrate that any fine …-tuning strategy which tries to counteract the direct effects of oil-price changes in headline inflation would prove counterproductive … both in terms to stabilization of underlying inflation and by causing unnecessary volatility in the macroeconomic landscape …