economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …

volume, an early exit, and a faster exit from the program on output and inflation in the euro area. Model simulations showed … that economic growth and inflation rates would decrease in all three scenarios. However, the effects of the scenario with … particular, an early exit from the program should significantly affect inflation rates, an effect that the European Central Bank …

. Although inflation is likely to fall significantly in the coming months thanks to lower commodity prices, underlying inflation …