Ciccarelli, Matteo; Kuik, Friderike; Martínez … - 2023
This paper assesses the impact of weather shocks on inflation components in the four largest euro area economies. We … combine high-frequency weather data with monthly data on inflation and output growth within a set of Bayesian Vector … asymmetries and seasonal responses of inflation to temperature shocks, mainly via food, energy, and service prices. An increase in …