Hein, Eckhard; Truger, Achim - Institut für Makroökonomie und Konjunkturforschung … - 2006
macroeconomic performance in the Euro area. The ECB is too exclusively occupied with inflation and wage developments and pays too … deflation in the largest economy of the Euro area, Germany, it is therefore required that the ECB raises its inflation target …In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow …