Exchange rate shocks gaining importance for eurozone inflation – research

Core inflation less influenced by exogenous factors, Bank of Spain research paper says

European Union flags

Headline inflation in the eurozone has become more dependent on external exchange rate movements since the early 2010s, according to research published by the Bank of Spain.

In Exchange rate shocks and inflation co-movement in the euro area, Danilo Leiva-Leon, Jaime Martínez-Martín and Eva Ortega aim to improve assessments of exchange rate effects on the fluctuations of prices across countries.

Their work decomposes the effect of external exchange rate shocks on inflation in individual euro

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: