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The long-term distribution of expected inflation in the euro area : what has changed since the great recession?
Dovern, Jonas; Kenny, Geoff - Task Force on Low Inflation (LIFT) - 2017
This paper analyses the distribution of long-term inflation expectations in the euro area using individual density …
Persistent link: https://www.econbiz.de/10011636332
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A new indicator of inflation expectations anchoring
Natoli, Filippo; Sigalotti, Laura - Task Force on Low Inflation (LIFT) - 2017
We compare the degree of anchoring of inflation expectations in the euro area, the United States and the United Kingdom …-term expectations are channelled to large declines in long-term expectations. The results reveal, for the euro area, an increase in the …
Persistent link: https://www.econbiz.de/10011636301
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Will US inflation awake from the dead? : the role of slack and non-linearities in the Phillips curve
Albuquerque, Bruno; Baumann, Ursel - Task Force on Low Inflation (LIFT) - 2017
The response of US inflation to the high levels of spare capacity during the Great Recession of 2007-09 was rather muted. At the same time, it has been argued that the short-term unemployment gap has a more prominent role in determining inflation, and either the closing of this gap or...
Persistent link: https://www.econbiz.de/10011636747
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Mind the output gap : the disconnect of growth and inflation during recessions and convex Phillips curves in the euro area
Groß, Marco; Semmler, Willi - Task Force on Low Inflation (LIFT) - 2017
underlying the capacity constraint theory (Macklem (1997)). The theoretical model motivates our empirical assessment for the euro …
Persistent link: https://www.econbiz.de/10011636803
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Low inflation and monetary policy in the euro area
Conti, Antonio M.; Neri, Stefano; Nobili, Andrea - Task Force on Low Inflation (LIFT) - 2017
Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below …
Persistent link: https://www.econbiz.de/10011636807