Adam, Klaus; Gautier, Erwan; Santoro, Sergio; Weber, Henning - 2021
in France, 1.2-2.0 per cent in Germany, 0.8-1.0 per cent in Italy, and 1.1-1.7 per cent in the euro area (three … target up from a level of zero per cent, as suggested by the standard sticky price literature, to a range of 1.1-2.1 per cent … associated with targeting zero inflation turn out to be substantial and range between 2.1 and 4.5 per cent of consumption in …