ECB paper finds eurozone inflation better anchored than US
Compares longer-term market expectations of inflation during economic shocks
A working paper published today by the European Central Bank (ECB) finds "a somewhat stronger anchoring of inflation expectations in the euro area than in the United States" during normal times – a gap that widened during the recent crisis.
In Economic surprises and inflation expectations: Has anchoring of expectations survived the crisis?, Søren Lejsgaard Autrup and Magdalena Grothe, both ECB staffers, analyse price formation in medium- to longer-term maturity segments of euro area and US
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