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Why central banks should aim for a positive inflation target Research Brief | 46th edition – May 2022
The rate of inflation has a bearing on the relative price of individual products and therefore on demand for those products. Using new micro price data, we investigate how high the optimal inflation rate must be to prevent relative product demand from being distorted. Contradicting a common claim, we find that the optimal rate is not zero for a large part of the euro area, but is, in fact, clearly in positive territory.
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Methodical Information - Turnover in building construction and civil engineering
106 KB, PDF
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Methodical Information - Employment, hours worked by employed persons and gross wages and salaries in building construction and civil engineering
108 KB, PDF
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Financial crises and shadow banks: A quantitative analysis Discussion paper 15/2022: Matthias Rottner
3 MB, PDF