Type
Report
Title
Monetary policy with transitory vs. permanently low growth
Editor
European Parliament
Keywords
ECB, Monetary Policy, Growth, Slowdown
Abstract
EN
The recent economic slowdown in the euro area depends on supply-side and demand-side factors with different consequences on potential output. On the one hand, it may grow at a low pace for a long time; on the other hand, it may soon grow a bit faster. The ECB strategy has to adapt to these different possible outcomes. Anyway, we argue that the ECB has rooms for manoeuvre whatever the trend in output
BIBLIOGRAPHIC QUOTE
EXPORT