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Inflation, ECB and short-term interest rates: A new model, with calibration to market data | Semantic Scholar
![European Central Bank on Twitter: "The difference between nominal and real interest rates on short-term bank deposits in euro area countries since 1981 https://t.co/aqw1eAK140" / Twitter European Central Bank on Twitter: "The difference between nominal and real interest rates on short-term bank deposits in euro area countries since 1981 https://t.co/aqw1eAK140" / Twitter](https://pbs.twimg.com/media/CjScoLOWYAI_wWX.jpg)
European Central Bank on Twitter: "The difference between nominal and real interest rates on short-term bank deposits in euro area countries since 1981 https://t.co/aqw1eAK140" / Twitter
![Charlie Bilello on Twitter: "Eurozone inflation has moved up to 8.1%, its highest level ever. Meanwhile, the ECB is still holding interest rates at negative levels. This is perhaps the greatest disconnect Charlie Bilello on Twitter: "Eurozone inflation has moved up to 8.1%, its highest level ever. Meanwhile, the ECB is still holding interest rates at negative levels. This is perhaps the greatest disconnect](https://pbs.twimg.com/media/FUFoRc-WQAErnI7.png)