Who’s Afraid of Low Inflation? (Project-Syndicate)

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.

https://www.project-syndicate.org/commentary/low-eurozone-inflation-ecb-worries-by-daniel-gros-2019-04

Daniel Gros is Director of the Center for European Policy Studies.

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