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. …

central banks trust has recently declined, for instance in the wake of the post-pandemic inflation surge, due to large errors … in central banks' inflation forecasts, or given problems when exiting from forward guidance. The rapid, substantial and …

ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …