Galati, Gabriele; Moessner, Richhild; van Rooij, Maarten - 2021
inflation (2pp above the ECB’s inflation aim of 2%) than of deflation during the pandemic. These results suggest that during the …This paper analyses the results from a new monthly survey of consumers’ euro area inflation expectations before and … during the pandemic. We find that consumers’ longterm euro area inflation expectations have remained elevated above the ECB …