Posen, Adam Simon (contributor) - 2003 - [Elektronische Ressource]
faster growth and greater export opportunities—as
the UK did in the 1980s, and the Netherlands and Sweden did in the 1990s … too late—inflation had dropped below zero and the banking system
broke down, making real interest rates high and credit … centrally set monetary policy aimed at the
eurozone in general, rather than set to its own needs.18
While the German inflation …