Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/157568 
Year of Publication: 
2016
Series/Report no.: 
IW-Kurzbericht No. 62.2016
Publisher: 
Institut der deutschen Wirtschaft (IW), Köln
Abstract: 
Eurozone inflation underperforms since the beginning of 2013 and monetary policy struggles to stabilize it since then. The items of the aggregate inflation rate indicate that low inflation is due to both supply and demand factors and weak demand is caused by indebtness and unemployment. Additional monetary policy measures are not required in the current situation because monetary policy has long lags when economies are indebted and it already helped to reduce cyclical unemployment.
Document Type: 
Research Report

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