Only 30% probability of eurozone inflation hitting target in next year, paper says
Italian researchers present composite index based on 15 indicators of price dynamics
There is still only a low probability of eurozone inflation reaching the European Central Bank’s target of close to but under 2%, according to new research published by the Bank of Italy.
In A composite index of inflation tendencies in the euro area, Marcello Miccoli, Marianna Riggi, Lisa Rodano and Laura Sigalotti present a composite index based on 15 indicators of price dynamics. The authors summarise the information in the indicators by estimating several univariate probability models, all
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