In the past decade changes in oil prices have played a significant role in shaping inflation dynamics in the US and in …

issue is of particular interest for those monetary authorities that target headline consumer price inflation, which has been …

Between 2013 and 2014, following the recession triggered by the sovereign debt crisis, euro-area inflation decreased … sharply. Although a fall in the inflation rate was to be expected, given the severity of the recession, professional … inflation, which was unaccounted for in forecasting models. We probe this explanation in the context of a simple backward …

transmission channels by which the purchases can be expected to affect economic activity and inflation. Then we assess the effects …

The paper analyzes the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …

level, after controlling for inflation expectations, and whether it is concentrated among those firms that are more exposed …

The empirical literature on the transmission of monetary policy to inflation in Italy has stressed the importance of … the exchange rate and, to some extent, of the demand channel; recently, the roles of inflation expectations and the fiscal … situation have been emphasized. This paper uses vector auto-regression to address this issue. The results suggest that inflation …