Understanding Euro Area Inflation Dynamics : Why So Low for So Long? /
Despite closing output gaps and tightening labor markets, inflation has remained low in the euro area. Based on an augmented Phillips Curve framework, we find that this phenomenon-sometimes attributed to low global inflation-has been primarily caused by a remarkable persistence of inflation, keeping...
| 1. autor: | |
|---|---|
| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2018.
|
| Seria: | IMF Working Papers; Working Paper ;
No. 2018/188 |
| Dostęp online: | Full text available on IMF |