elements of the strategy can enhance the perceived credibility that price stability will be maintained in the medium … strongest positive impact on credibility, boosting credibility also among the less financially literate and generating more … persistent credibility gains, even after inflation increased. …

The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It … identification. The paper finds that euro area government bond markets were well integrated prior to the crisis, but saw a … substantial fragmentation from 2010 onward. Flight to quality was present at the height of the crisis, but has largely dissipated …

financial crisis and has therefore broadly continued standard monetary policy communications), the paper shows that press …

The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It … identification. The paper finds that euro area government bond markets were well integrated prior to the crisis, but saw a … substantial fragmentation from 2010 onward. Flight to quality was present at the height of the crisis, but has largely dissipated …