Should the ECB Raise Its Inflation Target?

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Various economic commentators have called for the ECB to raise its inflation objective, but central bankers in the Euro Area are reluctant to engange in a discussion about the target. We discuss both views and add insights from recent academic research about what constitutes an optimal inflation target for the Euro Area.

Should the ECB Raise Its Inflation Target?

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Should the ECB Raise Its Inflation Target?
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