Inflation expectations firmer in euro area than US
Long-run inflation expectations are anchored more firmly in the euro-area than in the US, according to research published by the Centre for Economic Policy Research.
Using daily evidence from financial markets and surveys, the research reveals a greater degree of forecaster disagreement about long-run inflation outcomes in the US than in the euro area.
The research data suggests that a quantitative inflation target could help provide a firmer anchor for US inflation expectations. The European
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