Towards a lasting recovery in euro area inflation?

Vers une reprise durable de l’inflation en zone euro?

Caroline Jardet and Katja Schmidt

Eco Notepad from Banque de France

Abstract: Inflation in the euro area (EA) is recovering. This recovery is explained by the sharp rise in import prices since the beginning of the year and by the steady improvement in the economic situation. In the absence of major shocks, inflation is expected to be around 1.8% in 2019 according to a Phillips curve augmented with import prices.

L’inflation reprend en zone euro (ZE) : ceci s’explique par la nette remontée des prix d’importation depuis le début de l’année et l’amélioration lente de la situation économique. En l’absence de chocs majeurs, l’inflation devrait s’établir autour de 1,8 % en 2019 selon une courbe de Phillips augmentée des prix d’importation.

Date: 2017-05-10
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:econot:17

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