illustrated with examples that include tax policy, government spending, the euro, globalization, and the neoliberal policy …

roles of those factors in the pre-crisis bubble buildup, in shaping aggregate policy responses in the USA and Europe and in …

Inflation in the euro area has been below the European Central Bank's target for almost a year now and it is also …

, inflation in the euro area remains extremely weak. Furthermore, as the present Wochenbericht clearly demonstrates, the inflation … expectations in the euro area are no longer firmly anchored. Expectations are becoming increasingly decoupled from the ECB …'s inflation target which, in turn, augments the risk of the euro area sliding into deflation. In June, the Central Bank introduced …

und zu einer Abwertung des Euro beigetragen. Da das Zinsniveau im Euroraum nun bereits sehr niedrig ist, und darüber … depreciation of the euro. Since interest rates in the euro area are already very low and the current weak price trend is also … central banks could become large creditors of national governments in the euro area. In the euro area this creates the risk of …