movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …

misalignment in the euro area over the period 1980-2014. In a panel data setting, we find significant links between real exchange … the direction of linking the estimated misalignment to inflationary differentials. Our results indicate that a positive 1 …

This paper decomposes the time-varying effect of exogenous exchange rate shocks on euro area countries inflation into … quarters of the past six years, especially in turning point periods. Our main results indicate that headline inflation in euro … inflation this increasing sensitivity is solely reliant on a sustained surge in the degree of comovement, for energy inflation …

This paper documents, for the first time in a systematic manner, the link between labor cost and price inflation in the … and price inflation in the four major economies of the euro area and across the three main sectors. The dynamic …. Our results show that it is more likely that labor costs are passed on to price inflation with demand shocks than with …

through to all components of euro area inflation - producer prices, wages and core inflation, which has implications for …

We assess whether euro area inflation expectations, as measured by break-even inflation rates (BEIRs), have remained … illiquidity or demand-supply imbalances, but not reflecting genuine inflation expectations and inflation risk premia. We estimate … a bivariate VAR with short-term and long-term BEIRs, allowing for measurement noise in both. Anchoring of inflation …

costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …

This paper investigates the relationship between the level of inflation and regional price-level convergence utilizing … micro-level price data from Turkey during two clearly distinguishable periods of high and low inflation. The results … indicate that higher persistence and slower convergence of price levels are evident during the low-inflation period, which …