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Title:Risks of deflation versus risks of excessive inflation in Europe PDF Logo
Authors:Barrell, Ray
Fic, Tatiana
Issue Date:2010
Citation:[Journal:] Intereconomics [ISSN:] 1613-964X [Publisher:] Springer [Place:] Heidelberg [Volume:] 45 [Year:] 2010 [Issue:] 4 [Pages:] 255-260
Abstract:Economists are currently divided over the question of what represents a more immediate threat to the global economy - deflation or excessive infl ation. Using stochastic simulations, this article extrapolates the likely inflation rates in individual European countries and the euro area as a whole. The results indicate that as the financial crisis continues to subside, policymakers should be vigilant about expeditiously rolling back the unconventional monetary policy measures implemented during the crisis.
Persistent Identifier of the first edition:doi:10.1007/s10272-010-0344-5
Document Type:Article
Appears in Collections:Intereconomics - Review of European Economic Policy

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