Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020
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 …