the ECB’s UMP on inflation expectations in the Euro area as inflation expectations play a key role for achieving the … inflation target of below, but close to 2%. Quantifying the impact of UMP is not straightforward, as standard empirical tools … indeed find that UMP leads to a rise in inflation expectations in the short run but that this effect appears to evaporate in …

trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can … verstärken können. Ölpreisschwankungen und eine auf den Ölpreis reagierende, zunehmend kontraktive Geldpolitik, können auch eine … asymmetrischen Reaktion auf einen ansonsten symmetrischen Schock. In diesem Zusammenhang zeigen wir, dass Ölpreisschocks langfristige …

trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …

trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …

trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …