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Über die drohende Entankerung der Inflationserwartungen in der Eurozone und die Handlungsspielräume der EZB

Author

Listed:
  • Sascha Möhrle
  • Timo Wollmershäuser

Abstract

Seit geraumer Zeit entwickelt sich die Inflationsrate in der Eurozone unterhalb des Inflationsziels der Europäischen Zentralbank. Daten des Survey of Professional Forecasters zeigen, dass die durchschnittlichen Inflationserwartungen in den letzten Jahren deutlich nach unten revidiert wurden und gleichzeitig die Unsicherheit um diese Erwartungen erheblich gestiegen ist. Der Beitrag diskutiert Ursachen für die drohende Entankerung der Inflationserwartungen und die Handelsspielräume der EZB im Kontext der Coronakrise.

Suggested Citation

  • Sascha Möhrle & Timo Wollmershäuser, 2020. "Über die drohende Entankerung der Inflationserwartungen in der Eurozone und die Handlungsspielräume der EZB," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(10), pages 30-32, October.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:10:p:30-32
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    File URL: https://www.ifo.de/DocDL/sd-2020-10-wollmershaeuser-moehrle-inflationserwartung-ezb.pdf
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    References listed on IDEAS

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    1. Lukasz Rachel & Thomas D. Smith, 2017. "Are Low Real Interest Rates Here to Stay?," International Journal of Central Banking, International Journal of Central Banking, vol. 13(3), pages 1-42, September.
    2. Roc Armenter, 2018. "The Perils of Nominal Targets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(1), pages 50-86.
    3. Boubaker, Sabri & Nguyen, Duc Khuong & Paltalidis, Nikos, 2018. "Fiscal policy interventions at the zero lower bound," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 297-314.
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    More about this item

    Keywords

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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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