How does the interaction between supranational and domestic institutions affect competition? We answer this question by investigating how the Euro has radically changed the rules of the competition game between firms. Using a staggered difference-in-differences design, we find that the Euro, as...

The HICP Methodological Manual represents a comprehensive overview of methods that are used in the compilation process for the harmonised index of consumer prices (HICP). The manual intends to be a practical guide to all steps necessary to produce an HICP and is thus useful for statisticians who...

In the ECB's Survey of Professional Forecasters (SPF) for the first quarter of 2024, expectations for headline HICP inflation, and those for HICP inflation excluding energy and food (HICPX), were revised down compared to the previous survey (conducted in the fourth quarter of 2023). Based on...

In the ECB's Survey of Professional Forecasters (SPF) for the first quarter of 2024, expectations for headline HICP inflation, and those for HICP inflation excluding energy and food (HICPX), were revised down compared to the previous survey (conducted in the fourth quarter of 2023). Based on...

This biennial data quality report is a contribution to the ECB Statistics Quality Framework. It relates to statistics produced by the European System of Central Banks (ESCB) and focuses on the collection, compilation and dissemination of euro area monetary and financial statistics (MFS) in 2021...