An economic recovery with little signs of inflation acceleration: Transitory phenomenon or evidence of a structural change?
In-Depth Analysis
15-02-2018
Inflation has been persistently below the inflation target of the ECB despite the ongoing economic recovery in the euro area. In this paper, we 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.
In-Depth Analysis
External author
Salomon FIEDLER, Nils JANNSEN, Ulrich STOLZENBURG, Kiel Institute for the World Economy
About this document
Publication type
Keyword
- economic analysis
- economic analysis
- economic conditions
- economic growth
- economic recovery
- ECONOMICS
- employment
- EMPLOYMENT AND WORKING CONDITIONS
- EU statistics
- euro area
- FINANCE
- inflation
- labour market
- labour market
- monetary economics
- monetary relations
- personnel management and staff remuneration
- single monetary policy
- unemployment
- wage determination