Why does the recovery show so little inflation?
Indgående analyse
15-02-2018
We investigate the determinants of inflation in the euro area since 2000 and show that the most important determinants are inflation expectations and wage growth. Both indicators have contributed negatively to inflation since 2014 but inflation expectations less so since 2015 whereas the contribution of wage growth has remained negative. We suggest that structural reforms may have put a drag on the ability of the ECB to reach its inflation target rapidly.
Indgående analyse
Ekstern forfatter
Christophe BLOT, Jérôme CREEL, Paul HUBERT, OFCE (Sciences Po)
Om dette dokument
Type af publikation
Nøgleord
- ARBEJDE OG BESKÆFTIGELSE
- arbejdsløshed
- arbejdsmarked
- arbejdsmarked
- beskæftigelse
- Den Europæiske Centralbank
- DEN EUROPÆISKE UNION
- EU-institutioner og EU-forvaltning
- EU-statistik
- euroområdet
- FINANSER
- fælles monetær politik
- inflation
- lønfastsættelse
- monetære forhold
- personaleadministration og -aflønning
- valutaforhold
- ØKONOMI
- økonomisk analyse
- økonomisk analyse
- økonomisk opsving
- økonomisk situation
- økonomisk vækst