Our interest is to understand the costs of deflation. Thus, we explore the extent to which deflationary risks have …, based on it, we estimate a(n) (in)deflation risk premium. We find that our aggregate risk premium and a systemic financial … to explore the extent to which changes in the price and debt levels, are priced in by the (in)deflation risk premium. We …

This paper investigates how the perceived risk that the euro area will experience deflation has evolved over time, and …- to long-term deflation risk implied by year-on-year options on forward inflation swaps. We investigate whether long …-term inflation expectations have become de-anchored, by studying whether long-term deflation risk has been affected by changes in oil …