Author (Person) | Fritsche, Ulrich, Tarassow, Artur |
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Series Title | Intereconomics |
Series Details | Vol.50, No.3, May-June 2015 |
Publication Date | May 2015 |
ISSN | 0020-5346 |
Content Type | Journal | Series | Blog |
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. [Full text of articles can be found in the Intereconomics Archive two years after the initial publication] |
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Subject Categories | Politics and International Relations |
Countries / Regions | Europe |
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