Pagenhardt, Laura; Nautz, Dieter; Strohsal, Till - 2015 - This version: September 1, 2015
empirical results on the anchoring of long-term inflation expectations in the euro area. In line with earlier evidence, we find … that euro area inflation expectations have been anchored until fall 2011. Since then, however, they respond significantly … to macroeconomic news. Our results obtained from multiple endogenous break point tests suggest that euro area inflation …