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 makes use of the considerable cross-country and...