Indeed, the most recent readings on inflation expectations from the University of Michigan Survey Research Center showed a noticeable decline in September, especially in the inflation rate expected twelve months ahead. In financial markets, the spread of nominal over indexed yields has also retreated substantially at the near end of the yield curve.
Adenauer, K. (1959), speech to the executive board of the CDU (Christlich Demokratische Union) on 9 November 1959. 2. European Commission (2023), Factsheet on the 30th anniversary of the single market. 3. Gutierrez, G. and T. Philippon (2023), How European Markets Became Free: A Study of Institutional Drift, Journal of the European Economic Association, Vol. (Volume) 21, February 2023. 4.