Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020
the ECB’s UMP on inflation expectations in the Euro area as inflation expectations play a key role for achieving the … indeed find that UMP leads to a rise in inflation expectations in the short run but that this effect appears to evaporate in …-anchoring and a stabilisation of inflation expectations at the zero lower bound. Nevertheless, they indicate a rise in medium …