Why does the recovery show so little inflation?
Uitgebreide 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.
Uitgebreide analyse
Externe auteur
Christophe BLOT, Jérôme CREEL, Paul HUBERT, OFCE (Sciences Po)
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Publicatietype
Zoekterm
- arbeidsmarkt
- arbeidsmarkt
- ECONOMIE
- economisch herstel
- economische analyse
- economische analyse
- economische groei
- economische situatie
- EU-instellingen en Europese overheid
- EU-statistieken
- Europese Centrale Bank
- EUROPESE UNIE
- eurozone
- FINANCIËN
- inflatie
- monetaire betrekkingen
- monetaire economie
- Personeelsbeheer en bezoldiging
- uniek monetair beleid
- vaststelling van het loon
- werkgelegenheid
- WERKGELEGENHEID EN ARBEID
- werkloosheid