Surprisingly it did not, or at least not directly. Using micro data on consumer prices and sectoral inflation rates … from 6 euro area countries, spanning several years before and after the introduction of the euro, we look at whether EMU … has altered the behaviour of retail price setting and/or inflation dynamics. We find no evidence that anything has changed …

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …

In this paper we address the question on whether EMU has amplified or dampened intra euro area divergencies, by looking … to 2009. Our main result is that EMU does not appear to have materially changed the transmission mechanism of … idiosyncratic monetary shocks. The net effect of EMU, therefore, has been to reduce the relative performance variability. The …

Using a New-Keynesian framework, we investigate how far the inflationary processes in member states of EMU cause …, notwithstanding that inflation in some countries tends to converge towards the euro area level. Overa11, inflation persistence has …

Veränderung der Standardabweichung bei Inflation und Wirtschaftswachstum um den Euro-Mittelwert zu kurz greift, da diese …

Using a New-Keynesian framework, we investigate how far the inflationary processes in member states of EMU cause …, notwithstanding that inflation in some countries tends to converge towards the euro area level. Overa11, inflation persistence has …