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Friday, December 1, 2017

The ECB's inflation control policy is delusional

After all, asset prices benefit from technical innovations like the internet or from better overall conditions, such as those resulting from globalization. At the same time, these factors reduce production costs and thus inflation. And once inflation is low, higher key interest rates become less likely, boosting ...
From http://ift.tt/2itQ0CH

After all, asset prices benefit from technical innovations like the internet or from better overall conditions, such as those resulting from globalization. At the same time, these factors reduce production costs and thus inflation. And once inflation is low, higher key interest rates become less likely, boosting ...

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