patterns in economic activity and inflation following oil price shocks in the euro area. In the normal regime, oil price shocks … followed by sizeable and sustained macroeconomic fluctuations, with inflation and economic activity moving in the same … direction as the oil price. The responses of inflation expectations and wage growth point to second-round effects as a potential …

patterns in economic activity and inflation following oil price shocks in the euro area. In the 'normal regime', oil price … shocks are followed by sizeable and sustained macroeconomic fluctuations, with inflation and economic activity moving in the … same direction as the oil price. The responses of inflation expectations and wage growth point to second-round effects as a …

of the inflation rate in order to allow the European Central Bank (ECB) to achieve both price and macroeconomic stability …

patterns in economic activity and inflation following oil price shocks in the euro area. In the normal regime, oil price shocks … followed by sizeable and sustained macroeconomic fluctuations, with inflation and economic activity moving in the same … direction as the oil price. The responses of inflation expectations and wage growth point to second-round effects as a potential …

exchange rate and to the medium term interest rate are for the 1999-2004 period, the most important sources of inflation rate …

authors examine the exchange rate influence on the inflation in Switzerland, separately for the pre-crisis and the …-through into inflation. Despite the effect's moderate influence, the decline was not immediate. The authors additionally analysed … intervention than from the precrisis period. The exchange rate effect on inflation was thus in a better accordance with theory …

purchases, affect inflation. The effect of large-scale asset purchases on inflation is found to be much smaller than the other …

exchange rate and to the medium term interest rate are for the 1999-2004 period, the most important sources of inflation rate …

Long-term inflation expectations in the euro area reached historically low levels at the end of 2019, suggesting a … possible de-anchoring from the European Central Bank’s “below, but close to, 2 per cent” inflation aim. The decline in long …-term inflation expectations exerted a downward pressure on inflation between 2014 and 2016, and in 2019. Counterfactual simulations …