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below the ECB’s inflation target. Therefore, a readjustment of the infl ation target seems unjustified. Furthermore, as the … ECB can expect inflation to return to its target, it possibly can accelerate tapering its unconventional monetary policy …
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total government revenues. This article argues that a slight rise in inflation could even liquidate German debt. …
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This paper studies the recent trends in inflation in the euro area and estimates to what extent the current … inflationary pressures are driven by demand expansion and by supply side disruptions. First of all, consumer price inflation is … consumer prices, accounting for almost three-quarters of total headline inflation. The fact that price pressure comes mainly …
Persistent link: https://www.econbiz.de/10013475424
Collateral plays a central role in monetary policy. In recent years, its importance has increased as uncollateralised inter-bank borrowing has gradually been replaced by collateralised central bank lending. This has in turn affected collateral availability and the need for high-quality assets....
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