Frenkel, Michael; Lis, Eliza M.; Rülke, Jan-Christoph - In: Economic Modelling 28 (2011) 4, pp. 1808-1814
We use the ECB's Survey of Professional Forecaster to show that euro area expectations are consistent with standard macroeconomic building blocks such as the Phillips curve, Okun's law, and the Taylor rule. Moreover, the paper finds that the financial and economic crisis of 2007-2009 did not...