ECB paper looks at large database on inflation expectations

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A working paper published by the European Central Bank looks at the relationship between expected and actual inflation in the eurozone.

In Inflation expectations, consumption and the lower bound: micro evidence from a large euro area survey, Ioana Duca, Geoff Kenny and Andreas Reuter use data from the official European Union consumer survey.

They use two million observations on inflation expectations, compiled from a representative sample of eurozone citizens between May 2003 and December 2016

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