We document the importance of import prices and domestic profits as a counterpart to the recent increase in euro area inflation. Through a novel consumption def

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer

Growth slowed considerably following Russia’s invasion of Ukraine, reflecting disruptions in global value chains, significant increases in energy and commodit

Europe is at a turning point. After last year’s crippling energy price shock caused by Russia’s invasion of Ukraine, Europe faces the difficult task of rest

When uncertain about inflation persistence, central banks are well-advised to adopt a robust strategy when setting interest rates. This robust approach, charact