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Are inflation and economic activity out of sync in the euro area?

Author

Listed:
  • N. Cordemans
  • J. Wauters

Abstract

Why does inflation remain low despite the economic recovery?

Suggested Citation

  • N. Cordemans & J. Wauters, 2018. "Are inflation and economic activity out of sync in the euro area?," Economic Review, National Bank of Belgium, issue i, pages 79-96, June.
  • Handle: RePEc:nbb:ecrart:y:2018:m:june:i:i:p:79-96
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    File URL: https://www.nbb.be/doc/oc/repec/ecrart/ecorevi2018_h4.pdf
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    References listed on IDEAS

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    1. J. Boeckx & P. Butzen & N. Cordemans & S. Ide, 2015. "Deflation in Japan, Abenomics and lessons for the euro area," Economic Review, National Bank of Belgium, issue i, pages 100-124, June.
    2. Joshua C. C. Chan & Gary Koop & Simon M. Potter, 2016. "A Bounded Model of Time Variation in Trend Inflation, Nairu and the Phillips Curve," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 31(3), pages 551-565, April.
    3. Gee Hee Hong & Zsoka Koczan & Weicheng Lian & Malhar S Nabar, 2018. "More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies," IMF Working Papers 18/50, International Monetary Fund.
    4. A. Stevens, 2013. "What inflation developments reveal about the Phillips curve: implications for monetary policy," Economic Review, National Bank of Belgium, issue iii, pages 67-76, December.
    5. Olivier J Blanchard & Eugenio M Cerutti & Lawrence Summers, 2015. "Inflation and Activity – Two Explorations and their Monetary Policy Implications," IMF Working Papers 15/230, International Monetary Fund.
    6. Olivier Coibion & Yuriy Gorodnichenko & Mauricio Ulate, 2017. "The Cyclical Sensitivity in Estimates of Potential Output," NBER Working Papers 23580, National Bureau of Economic Research, Inc.
    7. Matheson, Troy & Stavrev, Emil, 2013. "The Great Recession and the inflation puzzle," Economics Letters, Elsevier, vol. 120(3), pages 468-472.
    8. Robert J. Gordon, 2011. "The History of the Phillips Curve: Consensus and Bifurcation," Economica, London School of Economics and Political Science, vol. 78(309), pages 10-50, January.
    9. Dany-Knedlik, Geraldine & Holtemöller, Oliver, 2017. "Inflation dynamics during the financial crisis in Europe: Cross-sectional identification of long-run inflation expectations," IWH Discussion Papers 10/2017, Halle Institute for Economic Research (IWH).
    10. repec:fip:fedfel:00150 is not listed on IDEAS
    11. repec:nbb:ecrart:y:2017:m:june:i:i:p:111-125 is not listed on IDEAS
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    Citations

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    Cited by:

    1. Arnoud Stevens & Joris Wauters, 2018. "Is euro area lowflation here to stay ? Insights from a time-varying parameter model with survey data," Working Paper Research 355, National Bank of Belgium.

    More about this item

    Keywords

    Belgium; macroeconomic projections; Eurosystem;

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