Darvas, Zsolt, (2016), “Has ECB QE lifted inflation?”, Bruegel Blog, 13 January.
Euro-area headline inflation has remained close to zero since the ECB stepped up its quantitative easing programmes in early 2015, but this does not mean that QE has been ineffective: core inflation and its adjusted version for the indirect effects of low oil prices have steadily increased throughout 2015.
Relevant Posts
- Constâncio, Vítor, Hartmann, Philipp, Tristani, Oreste, (2015), “Selected Takeaways from the ECB’s Sintra Forum on “Inflation and Unemployment in Europe” “, Voxeu, 28 October.
- Terzi, Α. (2015) “Is the ECB sacrificing reforms on the altar of inflation? – QE and its impact on structural reform efforts”, Bruegel Institute, 13 March.