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What does new micro price evidence tell us about inflation dynamics and monetary policy transmission?

What does new micro price evidence tell us about inflation dynamics and monetary policy transmission?
ecb.europa.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecb.europa.eu Daily Mail and Mail on Sunday newspapers.

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Annual Report 2022

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. ....

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Reconciling the macro and micro evidence on the effects of monetary policy

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. ....

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ECB Annual Report 2020

ECB Annual Report 2020
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The role of demand and supply factors in HICP inflation during the COVID-19 pandemic – a disaggregated perspective

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The role of demand and supply factors in HICP inflation during the COVID-19 pandemic – a disaggregated perspective
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Prepared by Derry O’Brien, Clémence Dumoncel and Eduardo Gonçalves
Introduction
The economic impact of the coronavirus (COVID-19) pandemic is not a standard textbook shock. Instead the shock is multidimensional, with sources on both the external and the domestic side, on both the demand and the supply side, and at both the aggregate and the sector-specific level. This poses challenges for the assessment of inflation. Established relationships between inflation and its determinants may not hold up or may not be scalable, given the magnitude of disturbances in product and labour markets. Moreover, the increasing emphasis of the inflation literature on distributions rather than point outcomes for future inflation is relevant for analysing the impact that the COVID-19 shock has had o ....

Haute Normandie , Derry Obrien , Alberto Lentini , Lukas Henkel , Federico Rodari , Corporate Telephone , Microdata Analysis Network , Derryo Brien , Eduardo Gon , Harmonised Index , Consumer Prices , New Area Wide Model , Working Paper Series , Price Setting Microdata Analysis Network , European System , Central Banks , Telephone Survey , Schwarz Information , ஹாட் நார்மண்டி , டெர்ரி ஓபிறீேன் , ஆல்பர்டோ லெண்டினி , லுகாஸ் கோழி , பெருநிறுவன தொலைபேசி , எட்வார்டொ கோன் , நுகர்வோர் ப்ரைஸஸ் , புதியது பரப்பளவு பரந்த மாதிரி ,