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María T. Valderrama

1 July 2025
FORUM ON CENTRAL BANKING - PAPERS AND PRESENTATIONS
Discussion "Discretionary spending is the cycle, and why it matters for monetary policy”
English
30 June 2025
OCCASIONAL PAPER SERIES - No. 371
A strategic view on the economic and inflation environment in the euro area
Workstream 1: Changing economic and inflation environment
English
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Abstract
This report offers a strategic view on the economic and inflation environment in the euro area as part of the monetary policy strategy assessment 2025. It reassesses the factors shaping the inflation and economic environment in light of the recent inflation experience, analyses changes in structural factors and examines the implications for the inflation environment the ECB is likely to face. It also draws conclusions regarding the enhancements that need to be made to the existing analytical toolkit and inflation forecasting.