文章基本信息

标题：The case for a positive euro area inflation target: evidence from France, Germany and Italy
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作者：Klaus Adam ; Erwan Gautier ; Sergio Santoro 等
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：This paper contains research conducted within the Price Micro Setting Analysis Network (PRISMA). PRISMA consists of economists from the ECB and the national central banks (NCBs) of the European System of Central Banks (ESCB). PRISMA is coordinated by a team chaired by Luca Dedola (ECB), and consisting of Chiara Osbat (ECB), Peter Karadi (ECB) and Georg Strasser (ECB). Fernando Alvarez (University of Chicago), Yuriy Gorodnichenko (University of California Berkeley), Raphael Schoenle (Federal Reserve Bank of Cleveland and Brandeis University) and Michael Weber (University of Chicago) act as external consultants. PRISMA collects and studies various kinds of price microdata, including data underlying official price indices such as the Consumer Price Index (CPI) and the Producer Price Index (PPI), scanner data and online prices to deepen the understanding of price-setting behaviour and inflation dynamics in the euro area and EU, with a view to gaining new insights into a key aspect of monetary policy transmission (for further information see https://www.ecb.europa.eu/pub/economic-research/researchnetworks/html/researcher_prisma.en.html) The refereeing process of this paper has been co-ordinated by a team composed of Luca Dedola (ECB), Anton Nakov (ECB), Chiara Osbat (ECB), Elvira Prades (Banco d’Espana), Sergio Santoro (ECB), Henning Weber (Bundesbank). This paper is released in order to make the results of PRISMA research generally available, in preliminary form, to encourage comments and suggestions prior to final publication. The views expressed in the paper are the author’s own and do not necessarily reflect those of the ESCB.
关键词：Optimal inflation target;micro price trends;welfare