Galati, Gabriele; Poelhekke, Steven; Zhou, Chen - de Nederlandsche Bank - 2008
the ECB's target. However, until now there has been no formal test of whether this has in fact been the case. We fill this … drift away from the ECB's anchor in the course of 2007. … about inflation and other macroeconomic variables in the main euro area economies. If long-term inflation expectations are …