7  See, e.g., Altavilla, C., G. Carboni and R. Motto (2015) “Asset purchase programmes and financial markets: lessons from the euro area”, ECB Working Paper No 1864; Andrade, P., J. Breckenfelder, F. De Fiore, P. Karadi and O. Tristani (2016), “The ECB’s asset purchase programme: an early assessment”, ECB Working Paper No 1956; and Blattner, T. and M. Joyce (2016), “Net debt supply shocks in the euro area and the implications for QE”, ECB Working Paper No 1957.
(2015), “Why is Inflation So Low in the Euro Area?”, Temi di discussione (Economic Working Papers) 1019, Bank of Italy, Economic Research and International Relations Area. Daly, M. C., & Hobijn, B. (2014), “Downward Nominal Wage Rigidities Bend the Phillips Curve”, Journal of Money, Credit and Banking, Vol. 46(S2), 51–93. Del Negro, M., Giannoni, M.P.