maintaining price stability. A main objective of these programs is raising inflation expectations, as these are a main determinant … of actual inflation. This study empirically evaluates the effectiveness of these ECB policies in raisinginflation … inflation in the euro area, albeit to a quantitatively modest extent. All in all, inflation expectations were raised by 20 to 30 …

maßgeblichauf dietatsächliche Inflation auswirken. In der vorliegenden Studie wirdempirisch untersucht, wie effektiv die jüngsten … maintaining price stability. A main objective of these programs is raising inflation expectations, as these are a main determinant … of actual inflation. This study empirically evaluates the effectiveness of these ECB policies in raisinginflation …

bond yields lead to a significant rise in real GDP, consumer prices, inflation expectations, and credit volume in the euro …

bond yields lead to a significant rise in real GDP, consumer prices, inflation expectations, and credit volume in the euro …

significant reductions in growth in the short and long run since the capital stock needed to maintain production capacity is … growing rather slowly. If investment activity in the Eurozone had been correspondingly stronger, potential growth in the …

significant reductions in growth in the short and long run since the capital stock needed to maintain production capacity is … growing rather slowly. If investment activity in the Eurozone had been correspondingly stronger, potential growth in the …

that economic growth and inflation rates would decrease in all three scenarios. However, the effects of the scenario with … volume, an early exit, and a faster exit from the program on output and inflation in the euro area. Model simulations showed … particular, an early exit from the program should significantly affect inflation rates, an effect that the European Central Bank …