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February 2015| No. 387DossierInflation expectationsContent available in catalan spanish Print Download File Editorial Deflation, inflation and the dilemma of monetary policy Jordi Gual Key points of the month Central banks take centre stage again Forecasts and indicators ForecastsKey indicators financial marketsKey indicators international economyKey indicators European UnionKey indicators Spanish economy Financial markets Economic outlook A start to the year affected by contrasts Focus Financial derivative trading in crude oil: victim or executioner? Focus A fair wind for Treasury funding in 2015 International economy Economic outlook The United States leads the recovery Focus Strong dollar - fragile emerging debt? Àlex Ruiz Focus Has the deleveraging of US households come to an end? European economy Economic outlook A crucial start to the year for the euro area Focus Why do European public budgets sometimes miss their targets? Focus Greece: a new post-Troika phase? Spanish economy Economic outlook Strong growth thanks to temporary factors Focus On long-term unemployment in Spain Focus Investment in the recovery Focus Spain's export sector: pros and cons DossierInflation expectations Focus Measuring inflation expectations: the devil is in the detail Joan Daniel Pina Carlos Martínez Sarnago Focus Growth without inflation: what does the Phillips curve tell us? Judit Montoriol Garriga Focus Inflation: merely a monetary phenomenon? Ariadna Vidal Martínez Focus Falling inflation and the risk of deflation Gerard Masllorens
Focus Measuring inflation expectations: the devil is in the detail Joan Daniel Pina Carlos Martínez Sarnago