inflation and is shown to be Granger-causal for euro area inflation in an out-of-sample forecasting exercise. In part, this … contrast, the influence of Japanese and euro area excess liquidity on euro area inflation is more limited. -- Global excess … liquidity ; euro area ; inflation ; monetary policy ; interest rate channel ; forecasting accuracy. …

area liquidity. U.S. excess liquidity also enters consistently positive as a determinant of euro area inflation. There is …

area liquidity. U.S. excess liquidity also enters consistently positive as a determinant of euro area inflation. There is …