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The need for an inflation buffer in the ECB's price stability objective : the role of nominal rigidities and inflation differentials
Consolo, Agostino; Koester, Gerrit; Nickel, Christiane; … - 2021
strong argument for a positive inflation buffer to “grease the wheels” of the euro area economy – also in order to avoid the …
Persistent link: https://www.econbiz.de/10012650859
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Understanding low inflation in the euro area from 2013 to 2019 : cyclical and structural drivers
Koester, Gerrit; Lis, Eliza Magdalena; Nickel, Christiane; … - 2021
From 2013 up to the launch of the ECB’s strategy review in January 2020, inflation in the euro area was low and over-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...
Persistent link: https://www.econbiz.de/10012650860