This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our fair …

inflation persistence is assumed. We show that this model can capture stylized facts about short-run inflation dynamics both in … between the degree of inflation persistence and the stability and transparency of monetary policy. Thereby, our model can … explain observed changes in inflation persistence. …

empirical research has shown that purely forward-looking versions of the model generate too little inflation persistence. In …

inflation persistence through a set of counter factual simulations. Analysis shows that inflation seems to be more persistent in … Greece than, on average, in Euro Area. Inflation persistence tends to be higher in response to fiscal shocks than others … shocks. Only an indirect tax shock could be classified as “non-persistent” for Greece. Inflation persistence is crucially …

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

inflation persistence is assumed. We show that this model can capture stylized facts about short-run inflation dynamics both in … between the degree of inflation persistence and the stability and transparency of monetary policy. Thereby, our model can … explain observed changes in inflation persistence. JEL Classification: E30, E31, E32 …