Aucremanne, Luc; Collin, Marianne; Stragier, Thomas - Nationale Bank van België/Banque national de Belqique (BNB) - 2007
We find strong econometric support for a break in the relationship between perceived and HICP inflation in the euro area, triggered by the introduction of euro notes and coins in January 2002. The break is fairly homogeneous across individuals with different socio-economic characteristics. We...