. Granular European data on inflation, firms, and banks confirm this mechanism. Industry-country pairs affected by a rise of … labor, which results in lower productivity, investment, and value added. Without a rise in zombie credit, inflation in …

useful for predicting inflation. In addition, countries where slack (and potential growth) is overestimated to a larger …

consumers' and GDP price indexes, their inflation rates and the stock market index, are stable across countries, while the …

Several European countries adopted inflation targeting as a monetary policy strategy during the 1990s. We evaluate the … impact of the establishment of this policy framework on the dynamics of inflation for three countries: United Kingdom, Spain … and Finland. We find that inflation targeting was not the most important factor behind the decline of their monthly and …