Examining the economies of the European Union from 2000 to 2023, we have found no strong evidence that the inflation … the euro area, aimed at rapidly bringing inflation under control, could actually be detrimental to economic growth. Since … the negative effects of monetary tightening on growth are clear, while the benefits of rapidly reducing inflation on …

We study the long-term effects of inflation surges on inflation expectations using Germany as a laboratory. Households … living in areas with higher local inflation during the hyperinflation of the 1920s expect higher inflation today, even after … controlling for known determinants of historical inflation and inflation expectations and despite facing similar inflation rates …

that supply-chain disruptions are followed by sizable and statistically significant increases in headline inflation in the … of core inflation. Meanwhile, non-tradable inflation has a generally smaller, short-lived, and insignificant response to …

We study the long-term effects of inflation surges on inflation expectations using Germany as a laboratory. Households … living in areas with higher local inflation during the hyperinflation of the 1920s expect higher inflation today, even after … controlling for known determinants of historical inflation and inflation expectations and despite facing similar inflation rates …