Perceived long-term eurozone deflation risk unaffected by oil – paper
Short-term deflation risks “significantly” affected by oil prices between 2010 and 2012
Perceived long-term deflation risk remains unaffected by oil prices, while short- and medium-term deflation risk appears significantly affected in recent years, according to a working paper published by the Netherlands Bank.
In Deflation risk in the euro area and central bank credibility, Gabriele Galati, Zion Gorgi, Richhild Moessner and Chen Zhou investigate whether long-term inflation expectations have become unanchored.
"We can see that in the first half of the sample (2010–2012), only short
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