Hancké, Bob 
ORCID: 0000-0002-3334-231X
(2014)
The spectre haunting Europe.
LSE New European Trade Unions
(20 Mar 2014).
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Abstract
With inflation dipping significantly below 1% in the euro zone, we have now entered dangerous territory, and it is far from obvious how to get out. The basics first: an average inflation rate of 0.7-0.8% is far below the already tight target that the ECB has set itself of ‘below but close to 2%’ (in the medium run). The economies in the euro zone that are doing well, such as Germany and most of its neighbours, are, by any measure, not experiencing particularly high inflation: most estimates are around 1.5-2% for those. Because of the low inflation in the core, a large number of EMU member states are now experiencing deflation or something very close to that. The inflation rate in the single currency bloc is the GDP-weighted average of all, and that means that the low inflation in the core is mirrored in even lower inflation c.q. deflation in the periphery.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/netuf/ |
| Additional Information: | © 2014 The Author(s) |
| Divisions: | European Institute |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance H Social Sciences > HJ Public Finance J Political Science > JC Political theory J Political Science > JN Political institutions (Europe) |
| Date Deposited: | 02 Jun 2017 07:42 |
| Last Modified: | 11 Dec 2024 14:07 |
| URI: | http://eprints.lse.ac.uk/id/eprint/79621 |
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