jeudi 14 août 2014

Lowflation and supply-side policies

Why do European central bankers point to the lack of structural reform as an justification for doing nothing on the inflation front? 

If anything, a positive supply shock should depress prices. Hence, the lack of it is the opposite of a good explanation for lowflation.

If the ECB won't act on lowflation to keep pressure on EU governments to implement reforms, are we still living in a democracy?

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