Low Inflation In The Euro Area
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The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the eu
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Despite closing output gaps and tightening labor markets, inflation has remained low in the euro area. Based on an augmented Phillips Curve framework, we find t
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Pages: 185
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Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this i
Language: en
Pages: 46
Pages: 46
Type: BOOK - Published: 2017 - Publisher:
Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below target thereafter. This paper employs a Bayesi
Language: en
Pages: 86
Pages: 86
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After 2012, inflation has been unexpectedly low across much of the developed world and economists speak of a "missing inflation" puzzle, namely inflation was ex
