Although euro area-wide inflation was from 1999 to 2005 almost right, i.e., "close to balance, but below 2%," and … emerges at country level is more scattered. Inside a monetary union, inflation divergences could be destabilizing and an … excessive dispersion could be a problem, thus the scattered performance of the single members in terms of HICP inflation and …

When referring to the inflation trends over the last decade, economists speak of "puzzles": a “missing disinflation …” puzzle in the aftermath of the Great Recession, and a ”missing inflation” one in the years of recovery to nowadays. To this, a … literature through the development of a newly specified Phillips Curve model, in which the inflation-expectation component is …