Heterogeneity of inflation in the euro area: more complicated than it seems
Author
Abstract
Suggested Citation
DOI: 10.2861/737138
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03970416
Download full text from publisher
Other versions of this item:
- Christophe Blot & Jérôme Creel & François Geerolf & Sandrine Levasseur, 2022. "Heterogeneity of inflation in the euro area: more complicated than it seems," SciencePo Working papers Main hal-03970416, HAL.
References listed on IDEAS
- Alessandro Calza & Tommaso Monacelli & Livio Stracca, 2013.
"Housing Finance And Monetary Policy,"
Journal of the European Economic Association, European Economic Association, vol. 11, pages 101-122, January.
- Calza, Alessandro & Monacelli, Tommaso & Stracca, Livio, 2009. "Housing finance and monetary policy," Working Paper Series 1069, European Central Bank.
- Mark A. Wynne, 2008.
"Core inflation: a review of some conceptual issues,"
Review, Federal Reserve Bank of St. Louis, vol. 90(May), pages 205-228.
- Mark A. Wynne, 1999. "Core inflation: a review of some conceptual issues," Working Papers 9903, Federal Reserve Bank of Dallas.
- Wynne, Mark A., 1999. "Core inflation: a review of some conceptual issues," Working Paper Series 5, European Central Bank.
- Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2024.
"New Facts on Consumer Price Rigidity in the Euro Area,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 16(4), pages 386-431, October.
- Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working Papers 2022/03, Latvijas Banka.
- Gautier Erwan & Conflitti Cristina & Faber Riemer P. & Fabo Brian & Fadejeva Ludmila & Jouvanceau Valentin & Menz Jan-Oliver & Messner Teresa & Petroulas Pavlos & Roldan-Blanco Pau & Rumler Fabio & Sa, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working papers 878, Banque de France.
- Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner, & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & S, 2022. "New facts on consumer price rigidity in the euro area," Working Paper Research 408, National Bank of Belgium.
- Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Bank of Lithuania Working Paper Series 105, Bank of Lithuania.
- Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New facts on consumer price rigidity in the Euro Area," Temi di discussione (Economic working papers) 1375, Bank of Italy, Economic Research and International Relations Area.
- Gautier, Erwan & Conflitti, Cristina & Faber, Riemer P. & Fabo, Brian & Fadejeva, Ludmila & Jouvanceau, Valentin & Menz, Jan-Oliver & Messner, Teresa & Petroulas, Pavlos & Roldan-Blanco, Pau & Rumler,, 2022. "New facts on consumer price rigidity in the euro area," Discussion Papers 32/2022, Deutsche Bundesbank.
- Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New facts on consumer price rigidity in the euro area," Working Papers 302, Bank of Greece.
- Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working Papers 2225, Banco de España.
- Gautier, Erwan & Conflitti, Cristina & Faber, Riemer P. & Fabo, Brian & Fadejeva, Ludmila & Jouvanceau, Valentin & Menz, Jan-Oliver & Messner, Teresa & Petroulas, Pavlos & Roldan-Blanco, Pau & Rumler,, 2022. "New facts on consumer price rigidity in the euro area," Working Paper Series 2669, European Central Bank.
- Dedola, Luca & Lippi, Francesco, 2005.
"The monetary transmission mechanism: Evidence from the industries of five OECD countries,"
European Economic Review, Elsevier, vol. 49(6), pages 1543-1569, August.
- Luca Dedola & Francesco Lippi, 2000. "The monetary transmission mechanism; evidence from the industries of five OECD countries," Temi di discussione (Economic working papers) 389, Bank of Italy, Economic Research and International Relations Area.
- Lippi, Francesco & Dedola, Luca, 2000. "The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries," CEPR Discussion Papers 2508, C.E.P.R. Discussion Papers.
- Luca Dedola & Francesco Lippi, 2000. "The Monetary Transmission Mechanism: Evidence from the Industry Data of Five OECD Countries," Econometric Society World Congress 2000 Contributed Papers 1833, Econometric Society.
- Dedola, L. & Lippi, F., 2000. "The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries," Papers 389, Banca Italia - Servizio di Studi.
- Philip Vermeulen & Daniel A. Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2012.
"Price Setting in the Euro Area: Some Stylized Facts from Individual Producer Price Data,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(8), pages 1631-1650, December.
- Philip Vermeulen & Daniel A. Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2012. "Price Setting in the Euro Area: Some Stylized Facts from Individual Producer Price Data," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(8), pages 1631-1650, December.
- Vermeulen, Philip & Gautier, Erwan & Stahl, Harald & Dossche, Maarten & Sabbatini, Roberto & Dias, Daniel & Hernando, Ignacio, 2007. "Price setting in the euro area: some stylised facts from individual producer price data," Discussion Paper Series 1: Economic Studies 2007,03, Deutsche Bundesbank.
- Dias, D. & Dossche, M. & Gautier, E. & Hernando, I. & Sabbatini , R. & Stahl , H. & Vermeulen, P., 2007. "Macro Price setting in the euro area: Some stylised facts from Individual Producer Price," Working papers 164, Banque de France.
- Vermeulen, Philip & Dias, Daniel & Dossche, Maarten & Gautier, Erwan & Hernando, Ignacio & Sabbatini, Roberto & Stahl, Harald, 2007. "Price setting in the euro area: some stylised facts from individual producer price data," Working Paper Series 727, European Central Bank.
- Philip Vermeulen & Daniel Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2007. "Price setting in the euro area : some stylised facts from individual producer price data," Working Paper Research 111, National Bank of Belgium.
- Philip Vermeulen & Daniel Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2007. "Price setting in the euro area: some stylised facts from individual producer price data," Working Papers 0703, Banco de España.
- Philip Vermeulen, 2007. "Price setting in the euro area: Some stylised facts from Individual Producer Price Data," Working Papers w200705, Banco de Portugal, Economics and Research Department.
- Sona Benecka, 2022. "How have firms' price increases contributed to the current inflation in the euro area?," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - September 2022, pages 14-18, Czech National Bank.
- Gert Peersman & Frank Smets, 2005.
"The Industry Effects of Monetary Policy in the Euro Area,"
Economic Journal, Royal Economic Society, vol. 115(503), pages 319-342, April.
- Peersman, Gert & Smets, Frank, 2002. "The industry effects of monetary policy in the euro area," Working Paper Series 165, European Central Bank.
- Burriel, Pablo & Galesi, Alessandro, 2018.
"Uncovering the heterogeneous effects of ECB unconventional monetary policies across euro area countries,"
European Economic Review, Elsevier, vol. 101(C), pages 210-229.
- Pablo Burriel & Alessandro Galesi, 2016. "Uncovering the heterogeneous effects of ecb unconventional monetary policies across euro area countries," Working Papers 1631, Banco de España.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2010.
"Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States: 1967-2006,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(1), pages 15-51, January.
- Violante, Giovanni & Heathcote, Jonathan & Perri, Fabrizio, 2009. "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006," CEPR Discussion Papers 7538, C.E.P.R. Discussion Papers.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2009. "Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006," NBER Working Papers 15483, National Bureau of Economic Research, Inc.
- Jonathan Heathcote & Fabrizio Perri & Giovanni L. Violante, 2009. "Unequal we stand: an empirical analysis of economic inequality in the United States, 1967-2006," Staff Report 436, Federal Reserve Bank of Minneapolis.
- Jean Boivin & Marc P. Giannoni & Benoît Mojon, 2008. "How Has the Euro Changed the Monetary Transmission?," NBER Working Papers 14190, National Bureau of Economic Research, Inc.
- Mattias Almgren & José-Elías Gallegos & John Kramer & Ricardo Lima, 2022. "Monetary Policy and Liquidity Constraints: Evidence from the Euro Area," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(4), pages 309-340, October.
- Robert W. Rich & Charles Steindel, 2005. "A review of core inflation and an evaluation of its measures," Staff Reports 236, Federal Reserve Bank of New York.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Geiger, Martin & Gründler, Daniel & Scharler, Johann, 2023. "Monetary policy shocks and consumer expectations in the euro area," Journal of International Economics, Elsevier, vol. 140(C).
- Eiji Goto, 2020. "Industry Impacts of Unconventional Monetary Policy," 2020 Papers pgo873, Job Market Papers.
- Benjamin Born & Michael Ehrmann & Marcel Fratzscher, 2011. "How Should Central Banks Deal with a Financial Stability Objective? The Evolving Role of Communication as a Policy Instrument," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 9, Edward Elgar Publishing.
- Kilinc, Mustafa & Tunc, Cengiz, 2019.
"The asymmetric effects of monetary policy on economic activity in Turkey,"
Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 505-528.
- Tunc, Cengiz & Kılınç, Mustafa, 2016. "The Asymmetric Effects of Monetary Policy on Economic Activity in Turkey," MPRA Paper 72688, University Library of Munich, Germany, revised 22 Jul 2016.
- Paul Mizen & Cihan Yalcin, 2006.
"Monetary Policy, Corporate Financial Composition and Real Activity,"
CESifo Economic Studies, CESifo Group, vol. 52(1), pages 177-213, March.
- Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," Working Papers 0601, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- I. Arnold & C.J.M. Kool & K. Raabe, 2005. "New evidence on the firm size effects in US monetary policy transmission," Working Papers 05-11, Utrecht School of Economics.
- Juan Angel Garcia & Aubrey Poon, 2022.
"Inflation trends in Asia: implications for central banks [Are Phillips curves useful for forecasting inflation?],"
Oxford Economic Papers, Oxford University Press, vol. 74(3), pages 671-700.
- García, Juan Angel & Poon, Aubrey, 2019. "Inflation trends in Asia: implications for central banks," Working Paper Series 2338, European Central Bank.
- Jubinski, Daniel & Tomljanovich, Marc, 2013. "Do FOMC minutes matter to markets? An intraday analysis of FOMC minutes releases on individual equity volatility and returns," Review of Financial Economics, Elsevier, vol. 22(3), pages 86-97.
- Martin Mandler & Michael Scharnagl & Ute Volz, 2022.
"Heterogeneity in Euro Area Monetary Policy Transmission: Results from a Large Multicountry BVAR Model,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(2-3), pages 627-649, March.
- Scharnagl, Michael & Mandler, Martin & Volz, Ute, 2016. "Heterogeneity in euro area monetary policy transmission: results from a large multi-country BVAR model," VfS Annual Conference 2016 (Augsburg): Demographic Change 145847, Verein für Socialpolitik / German Economic Association.
- Mandler, Martin & Scharnagl, Michael & Volz, Ute, 2016. "Heterogeneity in euro-area monetary policy transmission: Results from a large multi-country BVAR model," Discussion Papers 03/2016, Deutsche Bundesbank.
- Lukas Berend & Jan Pruser, 2024. "The Transmission of Monetary Policy via Common Cycles in the Euro Area," Papers 2410.05741, arXiv.org, revised Nov 2024.
- Consolo, Agostino & Koester, Gerrit & Nickel, Christiane & Porqueddu, Mario & Smets, Frank, 2021. "The need for an inflation buffer in the ECB’s price stability objective – the role of nominal rigidities and inflation differentials," Occasional Paper Series 279, European Central Bank.
- Masagus M. Ridhwan & Henri L.F. de Groot & Peter Nijkamp, 2010. "The Impact of Monetary Policy on Economic Activity - Evidence from a Meta-Analysis," Tinbergen Institute Discussion Papers 10-043/3, Tinbergen Institute.
- Landon, Stuart & Smith, Constance E., 2007. "The exchange rate and machinery and equipment imports: Identifying the impact of import source and export destination country currency valuation changes," The North American Journal of Economics and Finance, Elsevier, vol. 18(1), pages 3-21, February.
- Arnold, Ivo J. M. & Kool, Clemens J. M. & Raabe, Katharina, 2006.
"Industries and the bank lending effects of bank credit demand and monetary policy in Germany,"
Discussion Paper Series 1: Economic Studies
2006,48, Deutsche Bundesbank.
- Raabe, K. & Arnold, I.J.M. & Kool, C.J.M., 2006. "Industries and the bank lending effects of bank credit demand and monetary policy in Germany," Research Memorandum 006, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Dobronravova, E., 2022. "Industry effects of monetary policy in Russia: Econometric analysis," Journal of the New Economic Association, New Economic Association, vol. 55(3), pages 45-60.
- Davis, George K. & Hineline, David & Kanago, Bryce E., 2011. "Inflation and real sectoral output shares: Dynamic panel model evidence from seven OECD countries," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 607-619.
- Tomas Havranek & Marek Rusnak, 2013.
"Transmission Lags of Monetary Policy: A Meta-Analysis,"
International Journal of Central Banking, International Journal of Central Banking, vol. 9(4), pages 39-76, December.
- Tomas Havranek & Marek Rusnak, 2012. "Transmission Lags of Monetary Policy: A Meta-Analysis," William Davidson Institute Working Papers Series wp1038, William Davidson Institute at the University of Michigan.
- Tomas Havranek & Marek Rusnak, 2012. "Transmission Lags of Monetary Policy: A Meta-Analysis," Working Papers 2012/10, Czech National Bank.
- Tomas Havranek & Marek Rusnak, 2012. "Transmission Lags of Monetary Policy: A Meta-Analysis," Working Papers IES 2012/27, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2012.
- Theodore M. Crone & N. Neil K. Khettry & Loretta J. Mester & Jason A. Novak, 2013.
"Core Measures of Inflation as Predictors of Total Inflation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(2‐3), pages 505-519, March.
- Theodore M. Crone & N. Neil K. Khettry & Loretta J. Mester & Jason A. Novak, 2013. "Core Measures of Inflation as Predictors of Total Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(2-3), pages 505-519, March.
- Theodore M. Crone & N. Neil K. Khettry & Loretta J. Mester & Jason A. Novak, 2008. "Core measures of inflation as predictors of total inflation," Working Papers 08-9, Federal Reserve Bank of Philadelphia.
- Theodore M. Crone & N. Neil K. Khettry & Loretta J. Mester & Jason A. Novak, 2011. "Core measures of inflation as predictors of total inflation," Working Papers 11-24, Federal Reserve Bank of Philadelphia.
- Crone, Theodore M. & Khettry, N. Neil K. & Mester, Loretta J. & Novak, Jason A., 2011. "Cores Measures of Inflation as Predictors of Total Inflation," Working Papers 11-45, University of Pennsylvania, Wharton School, Weiss Center.
- Mandel, Antoine & Veetil, Vipin P., 2021.
"Monetary dynamics in a network economy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
- Antoine Mandel & Vipin P Veetil, 2019. "Monetary Dynamics in a Network Economy," Post-Print halshs-02354576, HAL.
- Antoine Mandel & Vipin Veetil, 2021. "Monetary dynamics in a network economy," PSE-Ecole d'économie de Paris (Postprint) halshs-03165773, HAL.
- Antoine Mandel & Vipin Veetil, 2021. "Monetary dynamics in a network economy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03165773, HAL.
- Antoine Mandel & Vipin Veetil, 2021. "Monetary dynamics in a network economy," Post-Print halshs-03165773, HAL.
- Antoine Mandel & Vipin P. Veetil, 2019. "Monetary Dynamics in a Network Economy," Documents de travail du Centre d'Economie de la Sorbonne 19021, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Antoine Mandel & Vipin P Veetil, 2019. "Monetary Dynamics in a Network Economy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02354576, HAL.
- Povoledo, Laura, 2018.
"Pricing behavior and the role of trade openness in the transmission of monetary shocks,"
Journal of Macroeconomics, Elsevier, vol. 57(C), pages 231-247.
- Laura Povoledo, 2016. "Pricing behaviour and the role of trade openness in the transmission of monetary shocks," Working Papers 20161609, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MON-2023-03-27 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03970416. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.