Koester, Gerrit; Lis, Eliza Magdalena; Nickel, Christiane; … - 2021
-term inflation expectations, in combination with monetary policy in the euro area being constrained by the effective lower bound …From 2013 up to the launch of the ECB’s strategy review in January 2020, inflation in the euro area was low and over …-predicted. This low inflation during the years 2013-19 can be attributed to a combination of interconnected factors. Cyclical …