The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high …

opinions that the inflation target chosen at 2% by ECB for the Eurozone is too low, thereby making the whole MPS excessively … restrictive. I conclude observing that the “core” inflation-target of 2% is in fact at the very basis of the ECB non …, since the inflation target wasn’t in any jeopardy, the European Central Bank didn’t do anything. Maintaining the goal of …

employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different …

investment areas under foreign law (think of Magna Graecia). (2) EUR 400 billion can be injected in eurozone equity (and not … eurozone bonds) in banks to allow the increase from the 8% to the 10.5% target. This equity can be managed by newly created … independent ERC Investment Banks (ERBs), where the shares are allocated to eurozone member states in proportion to their GDP. This …

macroeconomy, since it affects the expected inflation and future output path. …

analysis: it seems that these central banks do not observe the inflation course before deciding about the variation of the … of the inflation gap as regressor; secondly, a really forward looking central bank focuses on other macroeconomic leading … indicators instead of examining the realized or expected inflation gap. …