We investigate whether the Fiscal Theory of the Price Level (FTPL) can explain UK inflation in the 1970s. We confront …

inflation persistence in both the euro zone and the European Union as a whole (EU27). For this purpose a fractional integration … evidence of a significant increase in inflation persistence (especially in the case of the EU27, for which in addition to jumps …

This study provides estimates of economic uncertainty and inflation uncertainty for the Greek economy and considers … their time-varying impact on the corresponding macroeconomic variables, i.e. GDP growth and inflation. The authors find that …

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

We study asymmetric inflation effects of both conventional and unconventional monetary policy in the euro area during …

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 …

need to correct the estimation of indicators of economic uncertainty. The indicators were constructed from textual data … Pandemic) in its word list. Initial results show that there is a significant effect of COVID-19 on the estimation of the … extreme events. Moreover, failing to take conjunctural issues into account throughout the estimation process can result in …

the ECB’s UMP on inflation expectations in the Euro area as inflation expectations play a key role for achieving the … inflation target of below, but close to 2%. Quantifying the impact of UMP is not straightforward, as standard empirical tools … indeed find that UMP leads to a rise in inflation expectations in the short run but that this effect appears to evaporate in …

, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with … monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm … theoretical predictions, we find that the persistence of inflation has significantly decreased in the Euro area probably as a …