Consolo, Agostino; Koester, Gerrit; Nickel, Christiane; … - 2021
The existence of nominal rigidities and inflation differentials between countries offers two of the main rationales for … an inflation buffer in a monetary union where monetary policy is oriented towards an area-wide inflation objective … strong argument for a positive inflation buffer to 'grease the wheels' of the euro area economy - also in order to avoid the …