Did the ECB overstep its mandate?:assessing deflationary risks in the Euro area

Link:
Autor/in:
Erscheinungsjahr:
2015
Medientyp:
Text
Schlagworte:
  • Monetary policy
  • Financial crisis
  • Financial system
  • Monetary Policy
  • Economic Growth
  • Exports
  • Monetary policy
  • Financial crisis
  • Financial system
  • Monetary Policy
  • Economic Growth
  • Exports
Beschreibung:
  • Recent price developments in the euro area demonstrate that deflation is a serious issue of concern. Some euro area countries are already facing a deflation in the usual macroeconomic sense of a “general price decline”. This article discusses the economic consequences of deflation and suggests that the ECB’s expansionary monetary policy was inevitable.
  • Recent price developments in the euro area demonstrate that deflation is a serious issue of concern. Some euro area countries are already facing a deflation in the usual macroeconomic sense of a “general price decline”. This article discusses the economic consequences of deflation and suggests that the ECB’s expansionary monetary policy was inevitable.
Lizenz:
  • info:eu-repo/semantics/closedAccess
Quellsystem:
Forschungsinformationssystem der UHH
Interne Metadaten
Quelldatensatz
oai:www.edit.fis.uni-hamburg.de:publications/20ef6770-bf7e-44cb-a882-c93f3fe77d25