Bordes, Christian; Clerc, Laurent - HAL - 2007
on the anchoring of short- to medium-term inflation expectations (Part 2). Several measures show that this anchoring is … expectations has on the determination of the short- to medium-term inflation rate. From this point of view, observed inflation in … the euro area seems to be in line with the theory and the ECB's action seems to be very effective. Third, we focus on the …