Bernoth, Kerstin; Fratzscher, Marcel; König, Philipp Johann - In: DIW Wochenbericht 81 (2014) 12, pp. 235-249
the ECB's objective. On the other hand, there is the risk that this situation will lead to a slide into deflation. In view … of the ECB's historically low policy rates, the question arises as to which monetary policy options are available. In … order to counteract possible deflation, primarily unconventional measures remain open to the ECB, such as outright purchases …