The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that … supply and to inflation expectations significantly increase real oil prices; with the unadjusted M1 aggregate there is no … role played by inflation expectations and the money supply shocks during major oil shock episodes. These shocks partially …

. Our NKPC specification, that relies on market- and survey-based inflation expectations, explains well euro area inflation …This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook … long-horizons. Overall, the NKPC is a useful tool for monitoring euro area inflation outlook. Thanks to its fast and light …

We study asymmetric inflation effects of both conventional and unconventional monetary policy in the euro area during …

-and-trade scheme implying a more pronounced pressure on allowances prices and inflation. The impact on price stability is worsened by … inflation under control, and by the adoption of monetary rules tied to expectations rather than current macroeconomic conditions …This paper studies the role of expectations and monetary policy on the economy's response to climate actions. We show …