IW Monetary Outlook: ECB Might Overshoot the Inflation Target

Markus Demary and Michael Hüther

No 12.2017, IW-Kurzberichte from Institut der deutschen Wirtschaft (IW) / German Economic Institute

Abstract: The European Central Bank (ECB) has prolonged its large-scale asset purchase programs for public and private bonds in December 2016 until the end of 2017. Otherwise the programs would have expired in March 2017. Due to its strong focus on the inflation target of below, but close to 2 percent, the extension of the asset purchasing programs was expected in case of weak inflation dynamics. Inflation, however, recovered at the end of last year due to normalizing oil prices.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:iwkkur:122017

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