This paper applies the fiscal theory of price level determination to the case of a monetary union. A fiscal perspective …

The paper analyzes the convergence of inflation rates in the group of more developed members of the Eurozone (core … countries). What are the characteristics and is the inflation process in these countries sufficiently homogeneous? Are the … analysed inflation rates converging, so that there is an indication that these countries tend to form the optimal currency area …

MU increase symmetry of shock exposure. But the single monetary policy of a multilateral MU in theory counteracts net … disturbances to the union as a whole to the extent consistent with low inflation. This would leave mostly idiosyncratic …

MU increase symmetry of shock exposure. But the single monetary policy of a multilateral MU in theory counteracts net … disturbances to the union as a whole to the extent consistent with low inflation. This would leave mostly idiosyncratic …

cost channel theory. Taken together, the results of both panel data and time series analyses imply that the ECB’s low … interest rate policy has worked better for boosting inflation in Italy and Spain than in Germany. …

We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we … various measures of inflation such as headline inflation, core inflation, energy inflation, and food inflation affect the … estimate of fiscal sustainability found previously. Our findings indicate that higher inflation rates contribute positively to …

changes in inflation on fiscal policy. We find evidence of non-linear short-term effects of HICP inflation on the primary … an inflation turning point - beyond which its short-term (contemporaneous) impact on the primary balance starts being … the whole sample of euro area countries in 2022 (EA-19). Using an alternative measure of "inflation surprise" (available …