This paper analyses the distributional impact of high consumer inflation in the euro area and government measures to … quantify the distributional impact of inflation, income support measures and measures aimed at containing prices. The analysis … confirms that purchasing power and welfare were more severely affected by the 2022 inflation surge in lower-income households …

movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …

We study recent inflation and labour market dynamics in the euro area within a general equilibrium framework. Rapid … inflation was mainly caused by demand and supply shocks, but labor market-specific shocks also contributed to the surge in … inflation. Our results underscore the significance of import price shocks in explaining the recent interactions between wages …

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

and expectations. This new survey covers a range of important topical areas including consumption and income, inflation …

nicht gänzlich ausgeglichen wurden. Während sich in den 2010er Jahren vor der Coronapandemie merkliche Steigerungen bei den …The coronavirus pandemic, the energy price crisis and the associated high inflation rates have left their marks. The … the effects of the high inflation rates have not been fully compensated for when looking at disposable income either …

This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook …. Our NKPC specification, that relies on market- and survey-based inflation expectations, explains well euro area inflation … long-horizons. Overall, the NKPC is a useful tool for monitoring euro area inflation outlook. Thanks to its fast and light …

designed. At the time, the main concern of the Governing Council was to anchor inflation at low levels in face of the … low-inflation environment has created the concrete risk of de-anchoring of longer-term inflation expectations. Addressing … low inflation is different from addressing high inflation. The ability of the ECB (and central banks globally) to provide …