Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is … misleading indicator for monetary policy in the euro area. We furthermore compare our core inflation measure to the wide … coincident indicator of HICP inflation. Assessing the robustness of our core inflation measure we carefully conclude that it …

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 paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%- 30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly … to the twin puzzle of missing disinflation and missing inflation in the era after the Great Recession. Specifically …

change of food commodity prices leads to a rise in euro area headline inflation (HICP) of around 0.3 percentage points after …