inflation persistence in both the euro zone and the European Union as a whole (EU27). For this purpose a fractional integration … evidence of a significant increase in inflation persistence (especially in the case of the EU27, for which in addition to jumps …

sharp rise in inflation. Applied to Germany and the euro area, the model suggests that the surge in inflation has mainly … been caused by commodity price shocks and supply bottlenecks, rather than shortages in the labour market. Inflation … future inflation rates. However, this prediction is based on the assumption that there will be no commodity price shocks and …

changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …

changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …

This paper examines long-range dependence in the inflation rates of the G7 countries by estimating their (fractional …

This paper summarises the findings of the Eurosystem’s Expert Group on Inflation Expectations (EGIE), which was one of … (i) reviewing the nature and behaviour of inflation expectations, with a focus on the degree of anchoring, and (ii …) exploring the role that measures of expectations can play in forecasting inflation. While it is households’ and firms’ inflation …

changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …

inflation and it responds very little to aggregate shocks; (vi) changes in inflation are mostly driven by movements in the … with the predictions of a menu cost model in a low-inflation environment in which idiosyncratic shocks are a more relevant …

20%; (v) the overall frequency of price changes does not change much with inflation and does not react much to aggregate … shocks; (vi) changes in inflation are mostly driven by movements in the overall size; when decomposing the overall size … size of price decreases. These findings are consistent with the predictions of a menu cost model in a low inflation …

changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …