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movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … each shock which causes the exchange rate to move has a different price response, meaning that the combination of shocks … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower …
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estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
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This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%-30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly to … the twin puzzle of missing disinflation and missing inflation in the era after the Great Recession. Specifically, without …
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