Nico Petz

Despite the recent increase euro area headline inflation is substantially lower than at its 2022 peak. Services inflation, however, has remained comparatively elevated. Why has services inflation been so persistent, and what does this imply for monetary policy? This policy brief argues that ...

This paper analyzes business cycle synchronization and the Phillips curve (PC) relationship in Central, Eastern, and Southeastern European (CESEE) economies relative to the euro area. We find an overall increase in business cycle synchronicity, particularly among Euro adoption candidates, with ...

In this paper, we investigate the effects of unanticipated exchange rate movements on euro deposits in selected Central, Eastern and Southeastern European (CESEE) economies that are characterized by considerable deposit euroization and flexible exchange rate regimes. In doing so, we examine ...