A Bank for International Settlements paper, published on Monday, says long-term inflation expectations remained relatively well-anchored throughout the sovereign debt crisis, despite some short-term volatility.

The paper's authors, Gabriele Galati, Peter Heemeijer and Richhild Moessner, use survey data on participants' short-, medium- and long-term inflation expectations collected over the last year to provide new insights on the formation of inflation expectations in the euro area during