Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …

affect medium-term inflation, the primary objective of monetary policy. Using panel local projections for 48 advanced and … emerging market economies (EMEs), we study the impact of country-specific temperature shocks on a range of prices: consumer … prices, including the food and non-food components, producer prices and the GDP deflator. Hot summers increase food price …

patterns in economic activity and inflation following oil price shocks in the euro area. In the normal regime, oil price shocks … followed by sizeable and sustained macroeconomic fluctuations, with inflation and economic activity moving in the same … direction as the oil price. The responses of inflation expectations and wage growth point to second-round effects as a potential …

Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …

products where collection switched to online prices, reflecting the rise of e-commerce. Furthermore, price changes tend to be … synchronized within rather than across stores. Time variations in inflation can be attributed mainly to variations in the frequency …

changes in inflation on fiscal policy. We find evidence of non-linear short-term effects of HICP inflation on the primary … an inflation turning point - beyond which its short-term (contemporaneous) impact on the primary balance starts being … the whole sample of euro area countries in 2022 (EA-19). Using an alternative measure of "inflation surprise" (available …

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 … differences in the prices paid for the same product and differences in the household-specific variety choice within a category …

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. …

inflation can be improved by aggregating forecasts of subindices of the Harmonized Index of Consumer Prices (HICP …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … forecast error variance in inflation at the 12-month horizon. While the contemporaneous correlation between inflation and … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five …