Conti, Antonio M.; Neri, Stefano; Nobili, Andrea - Task Force on Low Inflation (LIFT) - 2017
Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below …. The lower bound to policy rates turned the European Central Bank (ECB) conventional monetary policy de facto … widespread, albeit with different intensity across countries. The ECB unconventional measures since 2014 contributed to raising …