banquedefranceBanque de France142357111144751513608/06/2021 - 11:06Using micro prices underlying the HICP in France 🇫🇷, Germany 🇩🇪 and Italy 🇮🇹, we show that targeting a significantly positive #inflation rate is optimal in the presence of downward relative price trends over the product life cycle. #BdFeco WP ➡ https://t.co/tscfa0ZRY5 https://t.co/GLQk2soZSR