2014•Policy ContributionsRequires access

Addressing weak inflation- The European Central Bank's shopping list

Grégory Claeys, Ζsolt Darvas, Silvia Merler, Guntram B. Wolff

Abstract

See comments by the authors 'Addressing weak inflation- The ECB’s Shopping List' and comment 'Negative ECB deposit rate- But what next?' 1. Introduction There are clear benefits to price stability. High inflation can distort corporate investment decisions and the consumption behaviour of households. Changes to inflation redistribute real wealth and income between different segments of society, such as savers and borrowers, or young and old. Price stability is therefore a...

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Key concepts: Inflation (cosmology), Price of stability, Economics, Monetary economics, Consumption (sociology), Investment (military), Central bank, Inflation rate