Albu, Nora; Herzog-Stein, Alexander; Stein, Ulrike; … - 2017
Eurozone of 1.0 % was significantly below the ECB's inflation target of slightly below 2 % per annum. Therefore, the … development of unit labour costs in the Euro Area as a whole is not consistent with the ECB's inflation target. In Germany unit … has been substantially below the ECB's inflation target and therefore there is still room for greater nominal wage …