Galati, Gabriele; Heemeijer, Peter; Moessner, Richhild - de Nederlandsche Bank - 2011
information sets with data relevant to euro area inflation. Our analysis of survey responses reveals several interesting results … stability, which acted as a focal point for long-term expectations. Second, the turmoil in euro area bond markets triggered by …-term expectations. By contrast, long-term expectations did not react to developments of the euro area wide fiscal burden. Third …