Caraballo, Ma; Efthimiadis, Tilemahos - In: International Economics and Economic Policy 9 (2012) 3, pp. 235-243
According to the relevant literature, monetary policy implications concerning the optimal inflation rate can be derived … for selected Euro Area (EA) countries, using monthly data for the Harmonized Index of Consumer Prices. In particular, semi … are also calculated. For all countries and the EA, we find that although the European Central Bank’s “below but close to 2 …