How much does quality adjustment matter in measuring consumer price inflation? To address this question, we use … inflation only by 0.06 percentage points, which is balanced out by an increase due to quantity adjustment (e.g. a smaller … deriving the distribution of member states' cumulative inflation rates for typical quality-adjusted products. Our macro …

breaks in the performance of most simple Phillips curves. Euro area inflation was particularly hard to forecast in the run … practitioners, we find that: (i) the key type of time variation to consider is an inflation trend; (ii) a simple filter-based output …

wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we …

This paper estimates the size and dynamics of inflation risk premia in the euro area, based on a joint model of … affect the returns on both nominal and index-linked bonds. On average, inflation risk premia were negligible during the EMU … appear to have mostly reflected such variations in inflation risk premia, while long-term inflation expectations have …