Assenmacher-Wesche, Katrin; Gerlach, Stefan - C.E.P.R. Discussion Papers - 2006
. This paper presents further evidence on the behaviour of euro area inflation using band spectrum regressions, which allow …Several authors have recently interpreted the ECB's two-pillar framework as separate approaches to forecast and analyse … inflation at different time horizons or frequency bands. The ECB has publicly supported this understanding of the framework …