Hoogenveen, Victoria C.; Kuipers, Simon K. - In: Banca Nazionale del Lavoro Quarterly Review 53 (2000) 214, pp. 267-285
Low price inflation is an official monetary policy target in many countries because of the positive effects it may generate on economic growth. However, if nominal wage rigidities exist, low price inflation may have a negative effect on economic growth. In this paper we test whether there exists...
