preserve the hard-won anchoring of inflation expectations and dissipate any hypothetical fears that central banks? greater risk …

stability amidst the current phase of the inflation crisis (Section 4); and identifies the areas where the financial regulatory …

We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …

interpret the evolution of the central bank independence from the Great Inflation and during the Great Moderation – i.e. from …

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 …

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

Two extraordinary inflation surprises of the last generation were the longstanding inflation shortfall from central … bank targets and now the pandemic inflationary.Inflation shortfalls can be attributed to characteristics of monetary … inflation. Compounding this problem is a base level of inflation from non-monetary causes, population growth and the natural …

developed economies to raise economic growth and inflation in the aftermath of the Global Financial Crisis. These programmes can …