Is The ECB About to Make a Mistake?
December 01, 2015 at 11:00 AM EST
The eurozone’s economic problem is too little inflation. Inflation has undershot the European Central Bank’s (ECB) target of 2% since 2013, and the ECB staff’s current inflation forecast of 1.7% for 2017 looks unrealistic. Without additional measures from the central bank, we think inflation in...