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Low inflation in the euro area: Causes and consequences

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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
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbop181.en.pdf
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    Cited by:

    1. repec:nbb:ecrart:y:2017:m:june:i:i:p:111-125 is not listed on IDEAS
    2. Harashima, Taiji, 2018. "Why Are Inflation and Real Interest Rates So Low? A Mechanism of Low and Floating Real Interest and Inflation Rates," MPRA Paper 84311, University Library of Munich, Germany.
    3. de Haan, Leo & van den End, Jan Willem, 2018. "The signalling content of asset prices for inflation: Implications for quantitative easing," Economic Systems, Elsevier, vol. 42(1), pages 45-63.
    4. S. Béreau & V. Faubert & K. Schmidt, 2018. "Explaining and Forecasting Euro Area Inflation: the Role of Domestic and Global Factors," Working papers 663, Banque de France.
    5. repec:prs:ecstat:estat_0336-1454_2017_num_494_1_10781 is not listed on IDEAS
    6. repec:eee:ecmode:v:71:y:2018:i:c:p:202-213 is not listed on IDEAS

    More about this item

    Keywords

    inflation expectations; low inflation; Phillips curve; unconventional monetary policy;

    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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