Hein, Eckhard; Truger, Achim - 2006
. Our analysis confirms that it is the ECB's overemphasising a too low inflation target which is a major problem for … macroeconomic performance in the Euro area. The ECB is too exclusively occupied with inflation and wage developments and pays too … deflation in the largest economy of the Euro area, Germany, it is therefore required that the ECB raises its inflation target …