Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020
With the ECB's policy rate having reached the zero lower bound, traditional monetary policy tools became ineffective … and the ECB was forced to adopt a set of unconventional monetary policy (UMP) measures. This paper examines the effects of … the ECB’s UMP on inflation expectations in the Euro area as inflation expectations play a key role for achieving the …