767 KB63 KB2026Pavlič, Domen1 spletni vir (1 datoteka PDF (29 str.))COBISSID:293012483ISBN:978-961-7230-48-2URN:URN:NBN:SI:doc-NI6QAKMJenBanka SlovenijeknjigeCeneelektronske knjigeEvropska unijaInflacijaPlačePovpraševanjeStoritveSectoral shock transmission in euro area services inflation|This paper examines the propagation of demand and supply shocks in euro area services inflation at a granular level. Documented heterogeneity allows grouping of services into slow-propagating, fast-propagating and transitory components, with shock propagation concentrated primarily in the slow-propagating group. Wage sensitivity emerges as an important transmission mechanism. Wage-sensitive services display systematically stronger internal propagation and slower dissipation of shocks than wage-insensitive services. These findings suggest that assessing medium-term services inflation pressures requires placing greater weight on slow-propagating components rather than relying solely on aggregate services inflationTEXTknjigebooksSlovenian National E-content AggregatorNational and University Library of Slovenia