A Welcome Revision Rather Than a Revolution
This contribution is a preliminary analysis of the effect of the ECB's new strategy, notably the revised inflation target, on inflation expectations. We show that the announcement of the new strategy, although necessary for several reasons, had a minor effect on inflation expectations. This reveals that the reform was either already partially anticipated by the market or too timid. Therefore, we present alternative outcomes of the strategy review. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 15 November 2021.
Eingehende Analyse
Externe Autor
Christophe BLOT, Caroline BOZOU and Jérôme CREEL
Über dieses Dokument
Art der Veröffentlichung
Politikbereich
Schlagwortliste
- EU-Strategie
- EUROPÄISCHE UNION
- Europäische Zentralbank
- europäisches Einigungswerk
- FINANZWESEN
- Geldpolitik
- Geldwirtschaft
- Inflation
- Institutionen der Europäischen Union und Europäischer Öffentlicher Dienst
- WIRTSCHAFT
- Wirtschaftsanalyse
- Wirtschaftsanalyse
- Wirtschaftssituation
- Währungsbeziehungen
- Währungsunion