Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/172659 
Year of Publication: 
2015
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 50 [Issue:] 3 [Publisher:] Springer [Place:] Heidelberg [Year:] 2015 [Pages:] 165-170
Publisher: 
Springer, Heidelberg
Abstract: 
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.
Persistent Identifier of the first edition: 
Document Type: 
Article
Document Version: 
Published Version

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