Deflation risk in the euro area and central bank credibility
| Autor: | Chen Zhou, Richhild Moessner, Zion Gorgi, Gabriele Galati |
|---|---|
| Přispěvatelé: | Econometrics |
| Rok vydání: | 2018 |
| Předmět: |
040101 forestry
Inflation Economics and Econometrics media_common.quotation_subject 05 social sciences Monetary policy 04 agricultural and veterinary sciences Monetary economics Deflation Central bank 0502 economics and business Financial crisis Credibility Economics 0401 agriculture forestry and fisheries sense organs 050207 economics Oil price health care economics and organizations Finance media_common |
| Zdroj: | Economics Letters, 167, 124-126. Elsevier |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/j.econlet.2018.03.028 |
| Popis: | We analyze a new option-based indicator of market perceptions of euro area deflation risks. We find that during 2010–2015, long-term deflation risks became slightly more sensitive to oil price changes and inflation surprises, suggesting a subtle weakening in anchoring. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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