the Balassa model, the paper calculates a minimum aggregate inflation rate which is compatible with the requirement that … no country face a deflation. This minimum aggeragate inflation rate is 0.94% in the euro-11 countries and 1.13% in an …

While the financial protection measures enacted by the ECB and the community of Eurozone members have calmed financial … markets, they have left the competitiveness problem of the Eurozone's southern countries and France unresolved. The paper … compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of …

Druckerpresse den Patienten am Leben zu halten. Die Folgen: Nullzinsen, immense Staatsverschuldung und eine drohende Inflation … immense Risiken. Staatsverschuldung, Negativzinsen, Inflation IBM ein giftiger Cocktail. Die Schulden der Euroländer sind …

The paper argues that Lucas overestimates the Friedman-Bailey type of welfare cost of inflation and neglects other … of Lucas? estimate. The neglected welfare effects of inflation include an adverse Baumol-Tobin effect on growth and … between inflation, relative prices and structural change …