through to all components of euro area inflation - producer prices, wages and core inflation, which has implications for …, supply and inventory shocks. We document how gas price fluctuations have a heterogeneous pass-through to euro area prices …

We use CPI micro data for nine euro area countries to document new evidence on consumer price stickiness in the euro … area during the 2021-2024 inflation cycle. In 2022, the monthly frequency of price changes reached 12%, compared with an … macro model suggests that peak inflation would have been almost 1 percentage point lower if the frequency had not responded …

We use CPI micro data for nine euro area countries to document new evidence on consumer price stickiness in the euro … area during the 2021-2024 inflation cycle. In 2022, the monthly frequency of price changes reached 12%, compared with an … macro model suggests that peak inflation would have been almost 1 percentage point lower if the frequency had not responded …

model it accurately. This paper introduces a novel suite of Bayesian VAR models for euro area HICP energy inflation, which …Energy inflation is a major source of headline inflation volatility and forecast errors, therefore it is critical to …

The contribution of energy shocks to euro-area inflation in 2022 is larger than that of shocks to aggregate and supply … energy shocks, growth and inflation would have been lower. A New Keynesian model rationalises this result with a sufficiently …