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Low inflation in the euro area: Causes and consequences

Author

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  • Ciccarelli, Matteo
  • Osbat, Chiara

Abstract

After 2012, inflation has been unexpectedly low across much of the developed world and economists speak of a JEL Classification: E31, E52, E58

Suggested Citation

  • Ciccarelli, Matteo & Osbat, Chiara, 2017. "Low inflation in the euro area: Causes and consequences," Occasional Paper Series 181, European Central Bank.
  • Handle: RePEc:ecb:ecbops:2017181
    Note: 224580
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbop181.en.pdf
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    More about this item

    Keywords

    inflation expectations; low inflation; Phillips curve; unconventional monetary policy;
    All these keywords.

    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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