Money ECB chief economist against tolerating a longer period with too low inflation

In the last half century central banks have come a long way in how they approach their macro-stabilisation functions.[1] As recently as the late 1970s, views still diverged across advanced On the face of it, the argument that central banks can tolerate periods of too - low inflation is correct. www.ecb.europa.eu

The European Central Bank ( ECB ) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price This article focuses on market‑based measures of longer ‑term inflation expectations, which are timely indicators derived from the prices of www.ecb.europa.eu

But to understand “what is too low for too long ”, we need to answer two questions. First, why is inflation so low ? Second, once we have a decomposition of At the other end of the spectrum would be a too prolonged downward departure of inflation and/or inflation expectations from our projected www.ecb.europa.eu

The European Central Bank ( ECB ) is the central bank of the 19 European Union countries which At the same time, regardless of the underlying origins of the current low inflation environment, some Finally, especially when inflation deviates from its objective for an extended period , central banks

The European Central Bank ( ECB ) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

The European Central Bank ( ECB ) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Gradually all central banks have committed to maintain the rate of inflation within a comfort zone, with a view to keep inflation In modern economies , which are characterised by highly decentralised markets, the characteristics of the inflation process (e.g. as regards its mean, volatility and its

This paper reviews the European Central Bank ’s monetary policy during its first twenty years of existence. Overall, the ECB has delivered on its price stability mandate despite the very challenging crisis times of the last decade.