Arbeitspapier
Euro area inflation persistence
This paper presents evidence on the lag between monetary policy actions and the response of inflation in the euro area as a whole as well as in Germany, Italy and France. In line with previous findings for the US and the UK, results here show that this lag is longer than one year both in the euro area and in individual countries, and that a lag of this length has existed in Europe at least since the collapse of the Bretton Woods system, despite the numerous changes in European monetary policy regime thereafter. Results based on alternative definitions of inflation persistence support these findings, although, they suggest that at the country level, a drop in German inflation persistence and a sizeable shift in the mean of inflation particularly in Italy and France are beyond doubt. The paper shows that euro area inflation persistence could well be an intrinsic phenomenon rather than a 'statistical fluke' due to aggregation.
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Working Paper ; No. 201
- Classification
-
Wirtschaft
- Subject
-
inflation
- Event
-
Geistige Schöpfung
- (who)
-
Batini, Nicoletta
- Event
-
Veröffentlichung
- (who)
-
European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Batini, Nicoletta
- European Central Bank (ECB)
Time of origin
- 2002
Other Objects (12)
Has euro-area inflation persistence changed over time?
Inflation persistence: euro area and new EU Member States
Euro area inflation persistence in an estimated nonlinear DSGE model
Inflation persistence and optimal monetary policy in the euro area
Inflation persistence and price-setting behaviour in the euro area: a summary of the Inflation Persistence Network evidence
A persistence-weighted measure of core inflation in the euro area
Euro area inflation persistence
Euro area inflation differentials
Inflation persistence in the European Union, the euro area, and the United States
Inflation persistence
The impact of the European Monetary Union on inflation persistence in the euro area
The impact of the European Monetary Union on inflation persistence in the Euro area
Has euro-area inflation persistence changed over time?
Inflation persistence: euro area and new EU Member States
Euro area inflation persistence in an estimated nonlinear DSGE model
Inflation persistence and optimal monetary policy in the euro area
Inflation persistence and price-setting behaviour in the euro area: a summary of the Inflation Persistence Network evidence
A persistence-weighted measure of core inflation in the euro area
Euro area inflation persistence
Euro area inflation differentials
Inflation persistence in the European Union, the euro area, and the United States
Inflation persistence
The impact of the European Monetary Union on inflation persistence in the euro area
The impact of the European Monetary Union on inflation persistence in the Euro area
Has euro-area inflation persistence changed over time?
Inflation persistence: euro area and new EU Member States
Euro area inflation persistence in an estimated nonlinear DSGE model
Inflation persistence and optimal monetary policy in the euro area
Inflation persistence and price-setting behaviour in the euro area: a summary of the Inflation Persistence Network evidence
A persistence-weighted measure of core inflation in the euro area
Euro area inflation persistence
Euro area inflation differentials
Inflation persistence in the European Union, the euro area, and the United States
Inflation persistence
The impact of the European Monetary Union on inflation persistence in the euro area