This paper studies the formation of inflation expectations in the euro area. We first analyse the forecast accuracy of … times have contributed to changes in expectations' formation in the euro area, as the importance of backward …

Using real time data from the OECD and fiscal policy reaction functions, this study explores euro area fiscal policies … suggest that during the time of monetary union (EMU) euro area planned fiscal policies have been long-term oriented and … alleviate the negative impacts of the crisis on euro area economies …