Daniel Gros, (2019), “Who’s Afraid of Low Inflation?”, Project Syndicate, 9 April
The fact that eurozone inflation is closer to 1% than 2% is not ideal, but the European Central Bank should not be overly concerned. The ECB does not need to pull out all the stops and invent ever more instruments in the forlorn hope of increasing inflation by a few tenths of a percentage point.
Relevant Posts
- Adam Tooze, (2019), «What are central banks for?», Social Europe, 18 March
- Peter Bofinger, (2019), «Normalisation of the ECB’s monetary policy is timely», The Progressive Post, 11 January