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 …

consumer price index inflation rates for most economies. While many Asian economies have benefited from low international oil …

Do inflation expectations react to changes in the volatility of monetary policy? Yes, but only until the global … elevated uncertainty surrounding monetary policy, affects the inflation expectation formation process. Based on U.S. data since … inflation expectations and inflation. However, after the Great Recession this link has disappeared, even when controlling for …

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

We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has … the firm anchoring of medium to long-term inflation expectations been touched? Deriving densities from a new data set on … options on the euro area harmonized index of consumer prices provides us with the full distribution of inflation expectations …

Issues of inflation measurement are fundamental to the conduct of monetary policy. Price indices form the foundation of … mechanism for holding independent policymakers accountable. To shed some light on the role of inflation measurement, the annual …: Price indices used by central banks; the role of wages and productivity in inflation policy; and the measurement and …