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Economy and Finance

Quarterly Report on the Euro Area (QREA), Vol. 23, No. 1 (2024)


Institutional Paper 287
Publication date
30 May 2024
Directorate-General for Economic and Financial Affairs


This edition features three analytical chapters revolving around inflation. In particular it analyses the impact of the recent terms-of-trade generated inflation on public debt sustainability. Second, it analyses the channels through which climate change - and endeavours to mitigate or adapt to it - may affect inflation. Finally, it analyses how a sectoral wage shock interacts with the structure of the economy and propagates into inflation. The issue closes with a special euro area chronicle presenting a chronology of the euro from its origin to its 25th anniversary. 

Information and identifiers

Institutional Paper 287. May 2024. Brussels. PDF. 64pp. Tab. Graph. Bibliogr. Free.

KC-BC-24-014-EN-N (online) 

ISBN 978-92-68-13840-3 (online) 

ISSN 2443-8014 (online)

doi:10.2765/06489 (online)

JEL classification : E24, E31, E52, E62, E63, F41, F44, H62, H63, L11, Q54


European Economy Institutional Papers are important reports analysing the economic situation and economic developments prepared by the European Commission's Directorate-General for Economic and Financial Affairs, which serve to underpin economic policy-making by the European Commission, the Council of the European Union and the European Parliament. Views expressed in unofficial documents do not necessarily represent the views of the European Commission.

Quarterly Report on the Euro Area (QREA), Vol. 23, No. 1 (2024)


30 MAY 2024
Quarterly Report on the Euro Area (QREA), Vol. 23, No. 1 (2024)
30 MAY 2024
Chapter I. Terms-of-trade-driven inflation and monetary-fiscal policies
30 MAY 2024
Chapter II. Climate change and its impact on prices and inflation
30 MAY 2024
Chapter III. Sectoral wage shock and inflation in the euro area
30 MAY 2024
Annex. A chronology of the euro from its origins to its 25th anniversary