inflation expectations increased leading to fears of their un-anchoring. Using the first principal component of commodity prices …. Using a Phillips Curve framework we find a structural change after the collapse of Lehman Brothers when inflation …

the inflation rate. Second, economic activity measures have been in the focus of the ECB before the financial crisis broke … out. Third, over the last decade, the role of economic activity for ECB monetary policy has decreased so that inflation …

This paper analyses the distribution of long-term inflation expectations in the euro area using individual density …

This paper analyses the distribution of long-term inflation expectations in the euro area using individual density …

We provide comprehensive evidence of the widespread occurrence of inflation convergence between all countries of the … inflation benchmarks (the cross-sectional average, the inflation target of the European Central Bank, and the Maastricht … criterion), structural breaks, and a core inflation measure. Our main findings imply that further enlargement of the euro area …

Kalman filter. The resulting measures track current narratives on macroeconomic cycles and trends in the United Kingdom … financial conditions have some inflation forecasting ability over the monetary policy relevant two to three-year horizon during …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the …