I think there is widespread agreement on this among central bankers and academic researchers. In the short run, however, some academic research suggests that there might be a significant trade-off between low inflation volatility and low output volatility. If prices are stable, economic adjustment has to occur through the real economy channel.
Most recent information has been more encouraging, with the latest euro area survey data offering more positive signals with regard to the beginning of the second quarter. While the latest positive signals need to be confirmed by future developments, they underpin the expectation of the gradual recovery in the euro area continuing and strengthening over time.