Putting Deflation First
The European Central Bank is moving, hesitantly but ineluctably, toward quantitative easing, because the threat of deflation – and the ineffectiveness of its previous measures – leaves it no choice. The question is whether the ECB will be able to move quickly enough.
https://prosyn.org/aS5wzvN
CAMBRIDGE – The European Central Bank is moving, hesitantly but ineluctably, toward quantitative easing. The threat of deflation – and the ineffectiveness of its previous measures – leaves it no choice. The question is whether the ECB will be able to move quickly enough.