ECB papers examine low inflation

Researchers differ over eurozone inflation expectations

The European Central Bank, Frankfurt
The ECB, Frankfurt

The European Central bank has released 13 working papers looking at low inflation from a range of theoretical and empirical perspectives.

Several papers address the question of inflation expectations. In Tail co-movement in inflation expectations as an indicator of anchoring, Filippo Natoli and Laura Sigalotti warn of a "risk of downside de-anchoring of long-term inflation expectations" in the eurozone. Using a new estimation technique, they argue that eurozone data since 2014 points to a sharp

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