Straubhaar, Thomas; Vöpel, Henning; Illing, Gerhard; … - Volkswirtschaftliche Fakultät, … - 2012
raised the question whether such a role of the ECB must lead to higher rates of inflation. Under current recessive … macroeconomic conditions in the eurozone, the ECB’s expansionary monetary policy will not lead to higher inflation. On the contrary …, there is a serious danger of deflation. Higher inflation would likely occur only if a permanent stabilisation function were …