Hennecke, Peter - In: Intereconomics : review of European economic policy 53 (2018) 6, pp. 333-336
The persistently low wage and price growth in the EMU after the Great Recession of 2009 led some economic observers to … conclude that the Phillips Curve has broken down and that the ECB should therefore reconsider its infl ation target. This study … EMU member states after the Great Recession to investigate whether these claims are corroborated by empirical evidence …