Central bank credibility remained intact during crisis: Netherlands Bank paper

A paper published by The Netherlands Bank on Wednesday shows inflation expectations have remained well-anchored despite rising debt levels and unconventional monetary polices pursued by some countries during the financial crisis.

Gabriele Galati, John Lewis, Steven Poelhekke and Chen Zhou, the paper's authors, examine whether the buildup of government debt and non-standard monetary policies implemented since the financial crisis in 2008 have affected market participants' long-term inflation

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