文章基本信息

标题：Anchoring of inflation expectations in the euro area: recent evidence based on survey data
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作者：Tomasz Łyziak ; Maritta Paloviita
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2016
出版社：European Central Bank
摘要：The paper analyses the anchoring of inflation expectations of professional forecasters andconsumers in the euro area. We study anchoring, defined as the central bank’s ability to manageexpectations, by paying special attention to the impact of the ECB inflation target and ECBinflation projections on inflation expectations. Our analysis indicates that longer-term inflationforecasts have become somewhat more sensitive to shorter-term forecasts and to actual HICPinflation in the post-crisis period. We also find that the ECB inflation projections have recentlybecome more important for short- and medium-term professional forecasts and at the same timethe role of the ECB inflation target for those expectations has diminished. Overall, our analysissuggests that in recent years inflation expectations in the euro area have shown some signs ofde-anchoring
关键词：Inflation expectations; anchoring; survey data; euro area; financial crisis.