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 …

-Wouters model and its forecasts of real GDP growth and inflation are compared with those from two extensions. The first adds … extensions improve the density forecasts of real GDP and inflation and their joint forecasts up to an eight-quarter horizon. We … find that adding financial frictions leads to a deterioration in the forecasts, with the exception of longer-term inflation …

We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple … framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …; (ii) this inflation episode resembles an age-dependent tax, with the elderly losing up to 20%, and roughly half of the 25 …

We study the redistributive effects of surprise inflation combining administrative bank data with an information … provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing … inflation and are concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal …

Philadelphia surveys have a large marginal impact on the nowcast of both inflation variables and real variables and this effect is …

estimates for inflation forecasting both in the short term (one-quarter and one-year ahead) and the medium term (two-year and … measure appears superior to all others in all respects. - Output gap ; real-time data ; euro area ; inflation forecasts ; real …

predictive power of the output gap for inflation in the euro area. We find evidence of changes in trend growth around the … estimates in real time. Our measures help forecasting inflation over most of our evaluation sample (2001-2010) but fail … ; Markov-switching ; Auxiliary information ; Model averaging ; Inflation forecast ; Real-time analysis …