An economic recovery with little signs of inflation acceleration: Transitory phenomenon or evidence of a structural change?

Please note: Each In-Depth Analysis is assigned a DOI (digital object identifier), which is a safe and long term way of ensuring a hyperlink to the full text of this report. However, when ESO creates this record, on occasion the DOI still has not been activated by the EU Bookshop. If you find the source url hyperlink does not work please use the alternative location hyperlink listed as a related url.Inflation has been persistently below the inflation target of the ECB despite the ongoing economic recovery in the euro area. In this paper, the authors analyse whether the relationship between inflation and economic activity in the euro area has changed based on a review of the literature and discuss implications for monetary policy.

European Parliament: European Parliamentary Research Service: In-Depth Analysis, February 2018: An economic recovery with little signs of inflation acceleration: Transitory phenomenon or evidence of a structural change? http://www.europarl.europa.eu/RegData/etudes/IDAN/2018/614216/IPOL_IDA(2018)614216_EN.pdf

European Parliament: Committee: ECON: Economic and Monetary Affairs: Monetary Dialogue http://www.europarl.europa.eu/committees/en/econ/monetary-dialogue.html

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