inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a … dynamic factor model for 404 inflation sub-indices of the euro area CPI. This allows to decompose the dynamics of inflation …

; Part 1 Macroeconometric evidence on the transmission mechanism in the euro area; Part 2 Firms' investment and monetary …; Part 4 Monetary policy in the euro area: summary and discussion of the main findings; Appendix; References; Figures; Tables … national economies of the Euro-zone. Analysing macro and micro-economic evidence, with chapters by central bank economists …