Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007
We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries … substantial increase in the anchoring of long-term inflation expectations since EMU, particularly for Italy and Spain, which since ….1 Unconditional results 14
17
4 Anchoring of inflation expectations
and long rates 20
4.1 Unconditional forward rates 22
4 …