This paper provides a comprehensive empirical analysis of the role of discretionary fiscal policy for inflation … differentials across the 19 euro area countries over the period 1999-2019. The results confirm existing (older) literature that it … is difficult to find robust evidence of the fiscal policy stance or impulse impacting directly on inflation differentials …

This paper decomposes the time-varying effect of exogenous exchange rate shocks on euro area countries in ation into … quarters of the past six years, especially in turning point periods. Our main results indicate that headline in ation in euro … across euro area countries. …

inflation premia differs between the US and the euro area. Long term inflation premia are countercyclical in the euro area …We use a joint model of macroeconomic and term structure dynamics to estimate inflation risk premia in the United … States and the euro area. To sharpen our estimation, we include in the information set macro data and survey data on …

account deficits of countries stabilizing their exchange rate against the euro (euro periphery). Meanwhile, the aggregate … current account balance of the euro area has been by and large balanced. The paper finds that changes of world current account … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created. - Global …

much of the inflation dynamics in the 2012-2014 euro area missing inflation episode. Consequently, economists and models …, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model … that excessively focused on the global nature of inflation were liable to miss the contribution of deflationary domestic …

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that … cross-country differences in the mismatch of perceived and actual inflation in the aftermath of the cash changeover are …

inflation found in the data for the euro area. In this model, continuing to follow the same rule makes inflation to be on a …Can the aging process affect inflation? The prolonged decline of fertility and mortality rates induces a persistent … downward pressure on the natural interest rate. If this development is not internalized by the monetary policy rule, inflation …

This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … forecasts of inflation) but also makes forecasters less uncertain about their own beliefs, thus reducing ex-ante average … individual uncertainty. By combining and exploiting these types of ex-ante inflation uncertainty, results suggest that central …

This paper analyses the distribution of long-term inflation expectations in the euro area using individual density …