Daniel Gros, (2019), “The ECB’s Deflation Obsession”, Project Syndicate, 6 September
It is hard to understand why the European Central Bank is currently so anxious to find new ways to make its policy stance even more expansionary. Its hyper-vigilance about falling prices is misplaced, and its ability to increase the rate of inflation is dubious.
Relevant Posts
- Gerlach, Stefan, (2019), “Lagarde’s ECB Checklist”, Project Syndicate.org, July
- El-Erian, Mohammed, (2019), “Are Central Banks Losing Their Big Bet?”, Project-Syndicate, July