banquedefranceBanque de France115474121848570265707/26/2019 - 15:12💬 [Blog] Where does euro area inflation stand in a so-called “Phillips cone”? Relying on a set of inflation forecasts stemming from different Phillips curves, we show that Eurosystem’s HICP projection turns out to be somewhat cautious. #BdFEco https://t.co/yufboYI3Dj https://t.co/A71wYmhXOD