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Missing disinflation and missing inflation

Author

Listed:
  • Bobeica, Elena
  • Jarociński, Marek

Abstract

Recent inflation “puzzles” disappear in a model that properly accounts for domestic and global factors and captures their changing importance over time. While global factors are often important, domestic factors explain much of the inflation dynamics in the recent missing inflation episode in the euro area. JEL Classification: E31, E32, F44

Suggested Citation

  • Bobeica, Elena & Jarociński, Marek, 2017. "Missing disinflation and missing inflation," Research Bulletin, European Central Bank, vol. 30.
    • Handle: RePEc:ecb:ecbrbu:2017:0030:
    Note: 2382002
    as

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    References listed on IDEAS

    as
    1. Friedrich, Christian, 2016. "Global inflation dynamics in the post-crisis period: What explains the puzzles?," Economics Letters, Elsevier, vol. 142(C), pages 31-34.
    2. Elena Bobeica & Marek Jarociński, 2019. "Missing Disinflation and Missing Inflation: A VAR Perspective," International Journal of Central Banking, International Journal of Central Banking, vol. 15(1), pages 199-232, March.
    3. Haroon Mumtaz & Paolo Surico, 2012. "Evolving International Inflation Dynamics: World And Country-Specific Factors," Journal of the European Economic Association, European Economic Association, vol. 10(4), pages 716-734, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Autoregression; Bayesian Vector; Conditional Forecast; Inflation Dynamics; International Transmission of Shocks; Phillips curve; Shock Identification;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

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