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Low inflation in the euro area: Causes and consequences

Matteo Ciccarelli and Chiara Osbat ()
Authors registered in the RePEc Author Service: Luis J. Alvarez

No 181, Occasional Paper Series from European Central Bank

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

Keywords: inflation expectations; low inflation; Phillips curve; unconventional monetary policy (search for similar items in EconPapers)
Date: 2017-01
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-mon
Note: 224580
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Handle: RePEc:ecb:ecbops:2017181