Bernoth, Kerstin; Fratzscher, Marcel; König, Philipp - In: DIW Economic Bulletin 4 (2014) 5, pp. 15-28
Inflation in the euro area has been below the European Central Bank's target for almost a year now and it is also expected to remain at a very low level in the near future. On the one hand, such a low level of inflation is not in line with the ECB's objective. On the other hand, there is the...
