The recent decline in euro area inflation has triggered new calls for additional monetary stimulus by the ECB in order … inflation expectations, output gaps and other factors driving current inflation through the lens of the Phillips curve. It also … outputinflation nexus at low trend inflation. The note concludes from this evidence that the risk of a selfreinforcing deflation …

Whittle estimation method, the research examines the longmemory properties of headline inflation through monthly data from … January 1996 to January 2023. The study expands upon existing knowledge of inflation persistence by exploring its changes and … the various patterns of inflation persistence in Europe. The findings reveal significant differences in the persistence of …

This paper asks whether a textbook Phillips curve can explain the behavior of core inflation in the euro area. A … critical feature of the analysis is that we measure core inflation with the weighted median of industry inflation rates, which … is less volatile than the common measure of inflation excluding food and energy prices. We find that fluctuations in core …