a while. However, inflation-despite increasing significantly in recent months due to transitory factors-is projected to … moderate during 2022 and remain below the ECB's inflation target over the medium term. Uncertainty surrounding the outlook …

This paper introduces a new decomposition of euro area headline inflation into core, cyclical, and residual components …. Our new core inflation measure, the structural core inflation rate, is the expected headline inflation, conditional to … forecasting ability for headline inflation and other available core inflation measures routinely used at the ECB for internal or …

This book explores the challenges faced by central banks in the aftermath of the global financial crisis and the events … framework thoroughly amended after the global financial crisis and the crises that followed it. Presenting policy proposals, the … account in forming expectations about future inflation and spending. It will be useful to central banking practitioners …