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Are inflation dynamics different in the euro area and the United States?

Author

Listed:
  • Christophe Blot

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po, UPN - Université Paris Nanterre)

  • François Geerolf

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po, ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique, CEPR - Center for Economic Policy Research)

Abstract

The euro area and the United States have both experienced an episode of strong inflation post COVID-19 pandemic and after the Russian invasion of Ukraine. We highlight commonalities as well as differences in these episodes, in terms of headline and core inflation, inflation differentials and causes, and monetary policy between the euro area and the United States. We propose different scenarios for inflation and monetary policy.

Suggested Citation

  • Christophe Blot & François Geerolf, 2023. "Are inflation dynamics different in the euro area and the United States?," Working Papers hal-05616226, HAL.
    • Handle: RePEc:hal:wpaper:hal-05616226
    DOI: 10.2861/026334
    Note: View the original document on HAL open archive server: https://hal.science/hal-05616226v1
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