Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - Federal Reserve Bank of San Francisco - 2007
using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU … substantial increase in the anchoring of long-term inflation expectations since EMU, particularly for Italy and Spain, which since … data for France,
Germany, Italy, and Spain as well as smaller euro area countries and a control group
comprising the UK …