Nowotny, Ewald (contributor) - 1999 - [Elektronische Ressource]
-run interest rates, which according to Filc (1998, p. 32) should only be slightly above the rate of
inflation. As has been … inflation. Obviously a policy of lower interest rates can and will be
no cure for all aspects of low European growth-rates. But … as to whether the
observable low "inflation propensity" of the present strong US economy is only a matter of delays or …