Burban, Valentin; De Backer, Bruno; Vladu, Andreea L. - 2024
This article measures the degree of potential de-anchoring of inflation expectations in the euro area vis-à-vis the … inflation objective of the European Central Bank (ECB). A no-arbitrage term structure model that allows for a time-varying long … expectations have overall remained well anchored to the ECB's inflation objective. As this objective is however related to the …