Galati, Gabriele; Moessner, Richhild; van Rooij, Maarten - 2021
This paper analyses the results from a new monthly survey of consumers’ euro area inflation expectations before and … during the pandemic. We find that consumers’ longterm euro area inflation expectations have remained elevated above the ECB … pandemic consumers’ long-term euro area inflation expectations have been de-anchored on the upside rather than on the downside …