Philip R. Lane: Euro area international financial flows: analytical insights and measurement challenges

We document how gas price fluctuations have a heterogeneous pass-through to euro area prices depending on the underlying shock driving them.

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ECBECB
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https://www.ecb.europa.eu//press/key/date/2024/html/ecb.sp240212~027144d68f.en.htmlhttps://www.ecb.europa.eu//press/key/date/2024/html/ecb.sp240212~027144d68f.en.html
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tisdag, februari 13, 2024
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Brookings Institution, Quarterly Journal of Economics, Journal of Financial Economics, SSRN, Climate change, Map, IMF Economic Review, Nation, Federal Reserve, Statistics, Adjustment, International economics, BEA, Financial economics, Cambridge University Press, Swings, ESS, Bank, Asian Economic Papers, Buildup, ECI, Data, Director of National Parks, WP, Journal, Spes, Banco de Portugal, International Monetary Fund, Foreign direct investment, Communication, Fiscal, Environment, BIS, ESCB, Sector, BRICS, G-20, Capital, External, Frankfurt, Carbon, Insurance, Central bank, European Central Bank, Quarterly Journal, Speech, Appetite, Research, Reproduction, Exchange, Outline, MNE, Aftermath, Answer, Data management, Geography, FDI, Sound, Banco, COVID-19, Policy, Creditor, Role, ECB, Security (finance)
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NO, CENTRAL, NEIMAN, UNITED KINGDOM, WASHINGTON, INDIA, AUSTRALIA, EU, MEXICO, EUROPE, INDONESIA, IRELAND, RUSSIA, BELGIUM, SAUDI ARABIA, US, GERMANY, NORWAY, ARGENTINA, UKRAINE, MALTA, UNITED STATES, LUXEMBOURG, CHINA, SOUTH AFRICA, UK, CYPRUS, BRAZIL, NETHERLANDS
Sammanfattning
Key Points: 
  • We document how gas price fluctuations have a heterogeneous pass-through to euro area prices depending on the underlying shock driving them.
  • Supply shocks, moreover, are found to pass through to all components of euro area inflation – producer prices, wages and core inflation, which has implications for monetary policy.
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