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Using the ECB Consumer Expectations Survey, this paper investigates how consumers revise medium-term inflation expectations. We provide robust evidence of their adjustment to the current economic developments. In particular, consumers adjust medium-term inflation views in response to changes in...
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This paper presents a detailed set of new, quantity-based indicators of financial integration in the euro area. The indicators are based on granular data from securities holdings statistics and help us disentangle the main drivers of the portfolio changes observed since the financial crisis....
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The development of production, prices and employment in the EU electrical industry between the mid-1970s and the mid … observed decline of the employment share of low-skilled workers. The direct effect of increased import competition on relative … employment seems to be small, except for the case of consumer electronics. Apparently, adjustment strategies induced by …
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