This study assesses the degree of anchoring, i.e. stability, of long-term inflation expectations in the Euro area based … evolution of the entire distribution of inflation expectations in the long and medium term points to substantial downside risks …

Existing measures of core inflation ignore a part of ‘should be’ the core inflation. Exclusion based measures ‘exclude …’ a part of persistent inflation inherently existing in the excluded part whereas filter based measures ‘filter-out’ the … inflation – noise free inflation or denoised inflation. As against considering only trend to define core inflation, this study …

implications for monetary policy as the central bank has to decide which inflation rate to target. Our results demonstrate that …

Keynes was writing the General Theory, a correspondence that failed to resolve theoretical differences culminating in Hawtrey …'s critical review of the General Theory and their 1937 exchange in the Economic Journal …