Abstract We develop a Bayesian Structural VAR model to study the relationship between
different energy shocks and inflation dynamics in Europe. Specifically, we model the …

We use a structural vector autoregressive (SVAR) model to study the German natural gas
market and investigate the impact of the 2022 Russian supply stop on the German economy …

This paper examines the recent increase in natural gas prices, the sensitivity of inflation
expectations, and the pass-through to inflation. Using a semi-structural vector …

This paper uses a Bayesian Structural Vector Autoregressive (BSVAR) framework to
estimate the pass-through of unexpected gas price supply shocks on HICP inflation in the …

Supply shocks are now widely recognized as a driver of the recent inflation bout, but the role
of firms' pricing strategies in propagating input cost shocks remains contested. In this paper …

We investigate the relationship between fiscal policy and inflation dynamics in the Euro
Area, with a focus on the post-pandemic inflation surge. Using a BVAR identified via sign …

Do global geopolitical events affect household finances? This paper addresses this question
by focusing on the impact of the Russia-Ukraine war on household financial distress in five …

After a prolonged period of low inflation rates, since the second half of 2021, the euro area
recorded extraordinarily large increases in headline and core consumer prices. Two supply …

How do gas price developments feed through inflation in the euro area? Addressing this
question is not straightforward as the type of shock driving gas prices is crucial for knowing …

Results We find that (i) supply and demand shocks have large and persistent price effects
but moderate and short-lived output effects,(ii) the natural gas price hike of 2022 was largely …