The monetary policy of the European Central Bank and inflation trends in the euro area
This article analyzes the monetary policy of the European Central Bank and inflation trends in the euro area between 2019 and 2024, using official statistical data provided by Eurostat and the standard HICP indicator. The study tracks the dynamics of total inflation, its component structure, and the...
| Autores: | ; |
|---|---|
| Tipo de documento: | Artigo |
| Data de publicação: | 2025 |
| País: | España |
| Recursos: | Universidad a Distancia de Madrid (UDIMA) |
| Repositório: | udiMundus. Repositorio Institucional de la Universidad a Distancia de Madrid |
| OAI Identifier: | oai:udimundus.udima.es:20.500.12226/3288 |
| Acesso em linha: | http://hdl.handle.net/20.500.12226/3288 |
| Nível de acesso: | Acesso aberto |
| Palavra-chave: | monetary policy European Central Bank inflation HICP euro area price stability |
| _version_ | 1878735502114291712 |
|---|---|
| author | García Revilla, Mercedes Raquel |
| author2 | Barbulescu, Marinela |
| author2_role | author |
| author_browse | Barbulescu, Marinela García Revilla, Mercedes Raquel |
| author_facet | García Revilla, Mercedes Raquel Barbulescu, Marinela |
| author_role | author |
| collection | udiMundus. Repositorio Institucional de la Universidad a Distancia de Madrid |
| description | This article analyzes the monetary policy of the European Central Bank and inflation trends in the euro area between 2019 and 2024, using official statistical data provided by Eurostat and the standard HICP indicator. The study tracks the dynamics of total inflation, its component structure, and the differences between total and core inflation in the context of major economic shocks, such as the COVID-19 pandemic and the energy crisis of 2022. The analysis highlights the transition from a low inflation regime in the pre-pandemic period to a severe inflationary episode in 2021–2022, followed by a gradual disinflation process in 2023–2024. The results show that, although headline inflation returned to levels close to the ECB’s price stability objective in 2024, its composition indicates persistent domestic pressures, particularly in the services sector. The article highlights the importance of structural analysis of inflation for the calibration of monetary policy and the relevance of using a mix of monetary instruments in a monetary union characterized by economic heterogeneity. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | ES_7df7f12208c7cff7c39a9ec1096c7b1f |
| institution | Universidad a Distancia de Madrid (UDIMA) |
| instname_str | Universidad a Distancia de Madrid (UDIMA) |
| network_acronym_str | ES |
| network_name_str | España |
| oai_identifier_str | oai:udimundus.udima.es:20.500.12226/3288 |
| publishDate | 2025 |
| publishDateSort | 2025 |
| publisher | Departamento de Empresas y Actividades Turísticas y Marketing Facultad de Ciencias de la Empresa y la Tecnología (GI-14/8) Análisis Económico de la Creación de Valor basado en conocimiento, Innovación y Aprendizaje (INTELLECTUS NOVAE) |
| publisherStr | (GI-14/8) Análisis Económico de la Creación de Valor basado en conocimiento, Innovación y Aprendizaje (INTELLECTUS NOVAE) Departamento de Empresas y Actividades Turísticas y Marketing Facultad de Ciencias de la Empresa y la Tecnología |
| reponame_str | udiMundus. Repositorio Institucional de la Universidad a Distancia de Madrid |
| spelling | The monetary policy of the European Central Bank and inflation trends in the euro area García Revilla, Mercedes Raquel Barbulescu, Marinela monetary policy European Central Bank inflation HICP euro area price stability This article analyzes the monetary policy of the European Central Bank and inflation trends in the euro area between 2019 and 2024, using official statistical data provided by Eurostat and the standard HICP indicator. The study tracks the dynamics of total inflation, its component structure, and the differences between total and core inflation in the context of major economic shocks, such as the COVID-19 pandemic and the energy crisis of 2022. The analysis highlights the transition from a low inflation regime in the pre-pandemic period to a severe inflationary episode in 2021–2022, followed by a gradual disinflation process in 2023–2024. The results show that, although headline inflation returned to levels close to the ECB’s price stability objective in 2024, its composition indicates persistent domestic pressures, particularly in the services sector. The article highlights the importance of structural analysis of inflation for the calibration of monetary policy and the relevance of using a mix of monetary instruments in a monetary union characterized by economic heterogeneity. 2025-26 Departamento de Empresas y Actividades Turísticas y Marketing Facultad de Ciencias de la Empresa y la Tecnología (GI-14/8) Análisis Económico de la Creación de Valor basado en conocimiento, Innovación y Aprendizaje (INTELLECTUS NOVAE) http://hdl.handle.net/20.500.12226/3288 |
| spellingShingle | The monetary policy of the European Central Bank and inflation trends in the euro area García Revilla, Mercedes Raquel monetary policy European Central Bank inflation HICP euro area price stability |
| title | The monetary policy of the European Central Bank and inflation trends in the euro area |
| title_full | The monetary policy of the European Central Bank and inflation trends in the euro area |
| title_fullStr | The monetary policy of the European Central Bank and inflation trends in the euro area |
| title_full_unstemmed | The monetary policy of the European Central Bank and inflation trends in the euro area |
| title_short | The monetary policy of the European Central Bank and inflation trends in the euro area |
| title_sort | The monetary policy of the European Central Bank and inflation trends in the euro area |
| topic | monetary policy European Central Bank inflation HICP euro area price stability |
| topic_facet | monetary policy European Central Bank inflation HICP euro area price stability |
| url | http://hdl.handle.net/20.500.12226/3288 |