Well-anchored inflation expectations are a key factor for achieving economic stability. This paper provides new empirical results on the anchoring of long-term inflation expectations in the euro area. In line with earlier evidence, we find that euro area inflation expectations have been anchored until fall 2011. Since then, however, they respond significantly to macroeconomic news. Our results obtained from multiple endogenous break point tests suggest that euro area inflation expectations have remained de-anchored ever since.
The (De-)Anchoring of Inflation Expectations
New Evidence from the Euro Area
2015
Sonstige
Elektronische Ressource
Englisch
DECOMPOSING U.K. INFLATION EXPECTATIONS USING SURVEY-BASED MEASURES
British Library Online Contents | 2014
|A Note on the Anchoring Effect of Explicit Inflation Targets
British Library Online Contents | 2009
|Springer Verlag | 2024
|