Corsetti, Giancarlo; Flemming, John; Honkapohja, Seppo; … - In: CESifo Forum 2002 (2002) CESIFOFORUMSPECIAL, pp. 42-47
that the ECB should provide the necessary value-stimulus by cutting interest rates further. On the other hand Euro area … international cycle and a weak euro. Typically, governments have medium-term plans for fiscal consolidation, “stabilisation plans … (especially as compared to the US Fed) the ECB has room to cut interest rates further – a measure which should be adopted sooner …