Rostagno, Massimo; Altavilla, Carlo; Carboni, Giacomo; … - 2019
inflation almost universally to the upside; and the second - starting well into the post-Lehman period - characterised by … stability with a hard 2% ceiling, functioned as a key shock-absorber in the relatively high-inflation years prior to the crisis …, but offered a softer defence in the face of the disinflationary forces that hit the euro area in its aftermath. The …