Fève, P.; Matheron, J.; Sahuc, J-G. - Banque de France - 2009
, had monetary policy implemented its new inflation objective at a faster rate, the Euro zone would have experienced more …The Euro area as a whole has experienced a marked downward trend in inflation over the past decades and, concomitantly … these dynamics? To answer this question, we embed serially correlated changes in the inflation target into a DSGE model with …