Herzog-Stein, Alexander; Logeay, Camille; Stein, Ulrike; … - 2016
the 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 does not comply with the ECB's inflation target. In Germany unit … has been substantially below the ECB's inflation target. Therefore, wages in Germany should grow at a substantially above …