Adam, Klaus; Gautier, Erwan; Santoro, Sergio; Weber, Henning - 2021
France, 1.2%-2.0% in Germany, 0.8%-1.0% in Italy, and 1.1-1.7% in the Euro Area (three country average). Differences across …Using micro price data underlying the Harmonized Index of Consumer Prices in France, Germany and Italy, we estimate … target up from a level of zero percent, as suggested by the standard sticky price literature, to a range of 1.1%- 2.1% in …