Koester, Gerrit; Lis, Eliza Magdalena; Nickel, Christiane; … - 2021
-predicted. This low inflation during the years 2013-19 can be attributed to a combination of interconnected factors. Cyclical … developments account for a substantial share of the fall in underlying inflation, mainly in the first part of the low inflation … decades, but were in themselves not the main drivers of low inflation in the euro area from 2013 to 2019. However, as they …