[15]  Chart 4 Contribution of monetary policy and fiscal policy to inflation between 2015 and 2019 (percentage points)  Sources: Left panel – Eurosystem and Rostagno, M. et al. (2019), “A tale of two decades: the ECB’s monetary policy at 20”, Working Paper Series, No 2346, ECB, December; middle and right panels – ECB staff calculations.
Notes: The boxplot for the left panel refers to a range of assessments comprising the Eurosystem staff assessment based on a suite of models and the assessment documented in Rostagno, M. et al. (2019), op. cit. In this panel, “inflation” refers to HICP inflation.