Carstensen, Kai; Gern, Klaus-Jürgen; Kamps, Christophe; … - Institut für Weltwirtschaft (IfW) - 2002
sufficiently as it is also reflected in the collapse of stock prices. In addition, export expectations have deteriorated recently … because of the uncertainty about the US economy and the appreciation of the euro. In the light of the recent turbulences on … stock markets and the increased uncertainty about the economic outlook in the euro area, the ECB will probably not raise …