Elena Bobeica

Apr 19, 2024 | dialnet.unirioja.es | Elena Bobeica |Andrej Sokol

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Mar 19, 2024 | ecb.europa.eu | Martinez Hernandez |Marta Bańbura |Elena Bobeica |Catalina Hernandez

The pandemic's disruption of global supply chains and the spike in natural gas prices following Russia’s invasion of Ukraine were significant drivers of surging inflation. Traditional inflation models often ignore such supply-side shocks, even though they can have a significant and persistent impact on core inflation in the euro area (as measured by rates of change in the Harmonised Index of Consumer Prices excluding the energy and food components).