Seit Mitte des vergangenen Jahres steigt die Inflation im Euroraum beträchtlich. Grund sind insbesondere die verteuerten Energiepreise. Der russische Angriff auf die Ukraine seit Ende Februar hat diesen Trend noch einmal verschärft. Um die Preise stabil zu halten, müsste die Europäische...

Energy prices have risen sharply as a result of the coronavirus pandemic as well as the Russian attack on Ukraine in February 2022. The resulting consumer price inflation is forcing the European Central Bank (ECB) to act in accordance with its mandate. However, the ECB expresses doubts that it...

Durch die Corona-Pandemie und insbesondere den russischen Angriffskrieg in der Ukraine sind die Energiepreise stark gestiegen. Die damit einhergehende hohe Verbraucherpreisinflation zwingt die Europäische Zentralbank (EZB) ihrem Mandat entsprechend zum Handeln. Jedoch äußerte die EZB...

Energy prices have risen sharply as a result of the coronavirus pandemic as well as the Russian attack on Ukraine in February 2022. The resulting consumer price inflation is forcing the European Central Bank (ECB) to act in accordance with its mandate. However, the ECB expresses doubts that it...

Durch die Corona-Pandemie und insbesondere den russischen Angriffskrieg in der Ukraine sind die Energiepreise stark gestiegen. Die damit einhergehende hohe Verbraucherpreisinflation zwingt die Europäische Zentralbank (EZB) ihrem Mandat entsprechend zum Handeln. Jedoch äußerte die EZB...

This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high-frequency event study and a Structural Vector Autoregression, we find evidence that the European Central Bank (ECB) and the Federal Reserve (Fed) are capable of doing so by...

This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high-frequency event study and a Structural Vector Autoregression, we find evidence that the European Central Bank (ECB) and the Federal Reserve (Fed) are capable of doing so by...

The marked increase in the price of crude oil has also affected the prices of motor fuels, heating oil and other forms of energy. The extent and speed of these price reactions have varied widely in EU countries, and the accompanying inflationary effects have differed accordingly. For monetary...

Using a unique data set of regional inflation rates we are examining the extent and dynamics of inflation dispersion in major EMU countries before and after the introduction of the euro. For both periods, we find strong evidence in favor of mean reversion (?-convergence) in inflation rates....

Using a set of regional inflation rates we examine the dynamics of inflation dispersion within the U.S.A., Japan and across U.S. and Canadian regions. We find that inflation rate dispersion is significant throughout the sample period in all three samples. Based on methods applied in the...