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 …-term mean of inflation expectations, π୲ ∗, is applied to inflation-linked swap (ILS) rates, while taking into account survey …-based inflation forecasts. Estimates of π୲ ∗ have been close to 2 % since the mid-2000s, indicating that long-term inflation …