The European Central bank has released 13 working papers looking at low inflation from a range of theoretical and empirical perspectives.

Several papers address the question of inflation expectations. In Tail co-movement in inflation expectations as an indicator of anchoring, Filippo Natoli and Laura Sigalotti warn of a "risk of downside de-anchoring of long-term inflation expectations" in the eurozone. Using a new estimation technique, they argue that eurozone data since 2014 points to a sharp