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 …

Do euro area inflation expectations remain well-anchored? This paper finds that the protractedperiod of low (and below …-target) inflation in the euro area since 2013 has weakened theiranchoring. Testing their sensitivity to inflation and macroeconomic news … robustness to our conclusions. Results point to a significantimpact of inflation news over recent years that had not been …

In this paper we use a unique dataset to study how awareness of the formulation of the ECB’s inflation aim, defined as … "below, but close to, 2%", shapes the inflation expectations of a representative set of Italian firms. In particular, we show … that in the period under consideration such awareness raises firms’ inflation expectations by about 25 basis points at all …

This paper analyses the results from a new monthly survey of consumers’ euro area inflation expectations before and … during the pandemic. We find that consumers’ longterm euro area inflation expectations have remained elevated above the ECB …’s inflation aim throughout the pandemic. Moreover, their distributions have continuously shown a greater probability of high …

, particularly those coming from the natural gas sector. The high peaks of the Eurozone inflation are mainly associated with gas … and inflation dynamics in Europe. Specifically, we include in our specification two separate energy markets (oil and … natural gas) and two target macroeconomic variables, measuring inflation expectations and the realized headline inflation. Our …

change of food commodity prices leads to a rise in euro area headline inflation (HICP) of around 0.3 percentage points after …

This paper provides a comprehensive empirical analysis of the role of discretionary fiscal policy for inflation … is difficult to find robust evidence of the fiscal policy stance or impulse impacting directly on inflation differentials …. We do find, however, support for an indirect effect of discretionary fiscal policy on inflation differentials working …

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

developments in price dispersion. Our results indicate that the Eurozone inflation rate after the introduction of the euro is on …Based on the prices of McDonald's Big Mac hamburger in 11 Eurozone countries over the 1986-2009 period, the present … article investigates whether the adoption of the euro was accompanied by an increase in inflation and how far it affected …

This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …